USD/PLN to soar after October 15?
18:29
The dollar exchange rate surged, rising by almost 19 gr in less than three days. This increase was primarily driven by the surprising monetary decision of the Monetary Policy Council, which led to a sudden weakening of the Polish złoty. Market experts believe that the 75 basis point interest rate cut by the NBP is driven by purely political motives related to the upcoming elections. In their opinion, the current state of the economy does not justify such decisive actions. This could mean that the Polish złoty may continue to depreciate soon. Cezary Graf, on the other hand, explicitly points out that we may soon have to pay PLN 8 for one dollar.
