0:43 24 November 2021
'We will do everything to make the zloty a bit stronger': Polish PM
The Polish government will do "everything" it can to make the zloty "a bit stronger," announced Prime Minister Mateusz Morawiecki. He stressed that the Polish government wanted "stability in the long term" and expressed the conviction that "it will happen in the next few quarters".
The zloty is losing today to all major currencies, e.g. it was the weakest in relation to the euro since 2009.
"We expect that in the coming months the zloty may continue to weaken due to the expected slowdown in GDP, deterioration in the current account balance, lower than the marketed scale of further rate hikes, probable delay in the inflow of EU funds, uncertainty related to the situation on the eastern border and further strengthening of the dollar,” CitiHandlowy analysts wrote meanwhile in today's report.
