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Zloty Trims Initial Loss, NBP Hawks Criticise Mortgage Holiday Talk

PLN

EUR/PLN ran as high as to Jan 26 high of PLN4.7311 before giving away the bulk of its earlier gains and last changes hands at PLN4.7199, up 42 pips on the day. A renewed push higher would bring Jan 19 high of PLN4.7453 into play, while a break here would expose Nov 16 high of PLN4.7848. On the flip side, bears look for losses towards Jan 4 low of PLN4.6573 and Dec 26/Jun 21 lows of PLN4.6270/62.

  • POLGBs have fluctuated in morning trade but now trade on a slightly firmer footing. WIG20 regained poise after Wednesday's losses caused by mortgage holiday extension talk, the index last sits ~0.9% higher on the session.
  • NBP's Litwiniuk said discussing mortgage payment holiday extension would be premature, given that there are no grounds for expecting changes in monetary policy settings anytime soon.
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