Zloty Slightly Weaker, POLGB Yields Reverse Gains

EUR/PLN trades at PLN4.6933, up 40 pips on the session, holding on to a familiar range amid little in the way of major local catalysts.

• POLGBs have reversed earlier losses and last trade up to 4.5bp richer across the curve. On the equity front, WIG20 remains on a softer footing.
• NBP's Dabrowski said the temporary rebound in inflation expected in Q1 will be smaller than expected by financial markets participants while a rate cut could be justified near the year-end. He refused to speculate on the precise timing of monetary easing or confirm that the current rate-hike cycle has definitely ended.