12:27 14 December 2023
The zloty gains after the Fed ended the cycle of rate increases
The Federal Reserve (Fed) ended the cycle of raising interest rates and indicated a possible series of cuts as it expects inflation to decrease. According to the projection, the interest rate will decline faster than inflation.
The decline in real rates in the US may translate into many asset classes, in theory causing their higher valuations. This also applies to emerging markets, Poland, and the Polish zloty.
Against the euro, the zloty has strengthened to 4.3, the strongest since March 2020.
