EUR/PLN to tick down towards 4.48 by end-quarter – ING
|Economists at ING expect a 50bp hike in February by the National Bank of Poland (NBP) with upside risk, a 75bp hike. The EUR/PLN pair is forecast to at 4.48 by the end of the quarter.
Gearing up for a hawkish NBP
“We now expect a 50bp hike from the NBP tomorrow – taking the policy rate to 2.75% – with the risk of a 75bp hike. Additionally, it seems that the Polish government is also softening its stance against Brussels and making more conciliatory noises, no doubt to strengthen Western alliances over Ukraine but perhaps also with one eye on the release of EU recovery funds.”
“We see EUR/PLN ending the quarter at 4.48.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.