Societe Generale’s Central and Eastern Europe strategy team anticipates that the National Bank of Poland (NBP) will maintain its policy rate at 3.75% during today’s meeting. According to FX Street, Governor Glapiński is expected to highlight ongoing inflation risks and signal the possibility of a rate increase in November.
Despite a hawkish tone that may provide some support to the Polish Zloty, the EUR/PLN currency pair is forecasted to trade above the 4.35 level. FX Street reported that geopolitical and external challenges have pushed the pair closer to resistance levels around 4.40 to 4.41, suggesting continued volatility in the near term.
For Japanese investors, monitoring emerging European markets like Poland is crucial as shifts in central bank policies and currency moves can influence risk sentiment and capital flows in global FX and equity markets.