Zloty Loses Shine, Final March CPI Revised Marginally Lower

EUR/PLN snaps a three-day losing streak, reversing almost all of yesterday's losses. The pair last deals +164 pips at PLN4.6505, with bulls seeking a move through Apr 6 high of PLN4.6947. Meanwhile, bears see Dec 26 low of PLN4.6270 as their initial target and a break here would expose the PLN4.60 handle.

• POLGB are generally slightly firmer and curve runs slightly steeper, 2-year/10-year yield spread continues to operate just shy of 10bp. The WIG20 index is marginally firmer, last sits ~0.4% higher on the session.
• Poland's final CPI inflation for March was revised to +16.1% Y/Y from a flash reading of +16.2%, which doesn't change much in the broader picture. Based on headline figures, local sell-side desks still believe that core CPI quickened last month. Data on core CPI will be published on Monday.