Swiss franc should be stable: economists

Some experts predict that the Swiss franc will be slightly more expensive in the coming months. The predictions include a rate of PLN 4.50-4.70. At the same time, there is no shortage of opinions that the zloty will strengthen thanks to the funds from the National Recovery Plan (KPO), and the Swiss currency may cost less than PLN 4.20. As lawyers emphasize, a higher CHF exchange rate causes an increased interest in borrowers. After all, many people remember the so-called "Black Thursday" in 2015, when the franc became very expensive. However, economists cool down emotions because that event was extraordinary, and now we have a completely different situation. And they add that nothing violent should happen. They are also calmly waiting for a decision on a possible interest rate hike in Switzerland.  

"I do not think the franc will strengthen significantly because most central banks worldwide are now tightening monetary policy. The SNB, on the other hand, has a policy more related to looking at how the euro is changing. I would rather expect changes in the exchange rate of the CHF to mimic changes against the euro. I think that the franc will cost more than PLN 4.50, maybe more like PLN 4.70, if I were to make a forecast," professor Krzysztof Piech, an economist at Łazarski University, commented.

In turn, economist Marek Zuber believes that if Poland receives funds from the KPO, the value of the zloty will increase in the long term. In such a situation, CHF will be cheaper than now, and a rate below PLN 4.20 is possible. However, if the franc strengthens, it will only be for a short time. 

(MondayNews)