Zloty caught in a scandal. Forecast as of 13.09.2023

A central bank's policy easing ahead of elections is usually regarded as supporting a party in power. The Bank of Poland went further and dropped rates by 75 basis points. Let’s discuss it and make a trading plan for the EURPLN.

Monthly fundamental forecast for zloty

Monetary policies change based on economic cycles. Rate hikes follow rate cuts. The Bank of Poland started monetary expansion one of the first, provoking a scandal. The zloty tumbled against the euro the fastest since the Russian invasion of Ukraine, and the EURPLN bulls want more. 

Donald Trump once called Jerome Powell "the main… Read full author’s opinion and review in blog of #LiteFinance