18:02 3 October 2023
The market expects interest rates cut by 25 basis points - eToro
The Monetary Policy Council is scheduled to set interest rates on Wednesday, and the market anticipates a further rate decrease of 25 basis points, according to eToro analyst Paweł Majtkowski. However, just a month earlier, when the market also expected a 25 basis point cut, the Council reduced the rates by 75 basis points. Consequently, the zloty weakened against the euro.
Majtkowski noted that today the market appears to be more resilient to sudden changes in rates. "The starting point for the market reaction is different because the euro to the zloty exchange rate is now PLN 4.61, not PLN 4.48 as it was before the previous decision,” he said.
(WBJ)
