22:00 9 April 2024
Polish zloty strongest in four years against euro
The Polish złoty's recent surge, notably against the euro, sparks discussion, with Prime Minister Donald Tusk acknowledging its strength but expressing caution to avoid overvaluation. Euro exchange rates below 4.30 PLN, a four-year low, signal the złoty's robustness. Tusk assures the government's vigilance over the exchange rate, emphasizing the National Bank of Poland's oversight. He highlights Poland's enhanced global reputation and the importance of a stable złoty for exports. While the złoty benefits from various factors, including the Monetary Policy Council's stance on interest rates, further appreciation against the euro is expected to be limited.
Source: wnp.pl
