Poland: NBP's new FX focus limits downside for EUR/PLN near term but not permanently
Following Poland: NBP’s new FX focus limits downside for EUR/PLN near term but not permanentlyANALYSIS | 1/8/2021 5:56:24 AM GMT The National Bank of Poland (NBP) seems to have informally introduced an FX target of around 4.50 and increased the focus on economic growth. We have difficulty seeing the reasons for explicitly weakening the PLN given the solid export growth and sizeable inflation pressures. We do not expect the central bank to cut rates at next week's meeting. Nevertheless, we believe the NBP will seek to maintain the EUR/PLN aro...
Source: fxstreet.com