In the near future, the EUR/PLN pair may once again test 4.30 – says economist Cezary Chrapek. According to him, it is possible to correct the bond profitability of upwards on the debt market.
On Thursday after 19:00, the euro cost PLN 4.27, dollar PLN 3.75, Swiss Frank PLN 4.54, and the British pound PLN 5.00.
Zloty quotation. The expert forecasts
– We have stabilization on the zloty market lately. At the discount at the beginning of April, we now oscillate in the range of 4.26-4.30 per euro. However, there is still a great uncertainty about American duties and the market reacts nervously to information coming from the administration of President Trump – said the economist of Bank Millennium.
– Recently, we had some mitigating comments on the part of the American president, who said he was open to negotiations with Chinaand also that negotiations with other countries are going well, but there are no agreements signed so far. Therefore, in my opinion, the zloty remains towards further weakness – said Chrapek.
He also added: – risks associated with tariffs, even if they are introduced to a lesser extent than announced, they should not favor global moods. Every day there are publications on growth revisions GDPWhether it is globally or regionally, all this is not conducive to risk demand.
In his opinion, in the near future the zloty can test 4.30/EUR.
Possible correction up
According to the economist, it is possible to correct the bond profitability on the debt market.
– We are so low that it would be difficult to go even lower. The only question is about the scale of the correction. In my opinion, there may be enough tile to the May meeting of the Monetary Policy Council, and then everything will depend on what the council does and says – said Cezary Chrapek.
On Thursday, one of the MPP members Przemysław Litwiniuk announced that there are conditions for reduction of percent rates. by 50 pb. At the Polish Army meeting in May and subsequent cuts would be possible in the fall, in the whole of 2025 by a total of 100-125 PB. He added that if the MPP does not fall for a reduction of the feet at the May MPC meeting, he would submit it himself.
– Other RPP members in recent days spoke in a similar tone, which is why any correction up on the debt market will not be large – said Cezary Chrapek.
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