14:12 28 February 2026
Global uncertainty hitting the zloty
Heightened global uncertainty linked to tensions around Iran is dampening risk appetite, leaving the Polish złoty weaker against the euro and dollar. Although EUR/PLN and USD/PLN edged slightly lower during the session, the currency remains under pressure amid fears of possible escalation in the Middle East, which is also lifting oil prices. Unlike US and eurozone bonds, where yields fell by 2 to 4 basis points, Polish bond yields initially rose, diverging from core markets. Investors are awaiting a rating decision from Fitch Ratings and next week’s expected 25 bp rate cut by the Rada Polityki Pieniężnej.
Analysts expect Polish yields to realign with global trends after these events.
(pb.pl)
