Złoty will stabilize
Dr. Oussama Himani, head, wealth management, emerging markets research, UBS
"Most foreign investment in Poland is more of a long-term nature. The market volatility experienced in recent days is not something specific to Poland and other Eastern European countries. Actually, the Polish market suffered less than many other markets outside of Europe. From a credit-rating perspective, the CEE countries are not seen as high risk. Their average credit rating is very high compared to other emerging markets. We do not expect further depreciation of the złoty against the euro in the near term. In the medium term, Poland's strong economic fundamentals should support the currency."
"Most foreign investment in Poland is more of a long-term nature. The market volatility experienced in recent days is not something specific to Poland and other Eastern European countries. Actually, the Polish market suffered less than many other markets outside of Europe. From a credit-rating perspective, the CEE countries are not seen as high risk. Their average credit rating is very high compared to other emerging markets. We do not expect further depreciation of the złoty against the euro in the near term. In the medium term, Poland's strong economic fundamentals should support the currency."
