The head of the National Bank of Poland, Adam Glapinski, announced on Wednesday, among other things, another increase in interest rates. The zloty reacted immediately, gaining against the major currencies.
I said earlier that the interest rate cap is between 4 and 4.5 percent, and today I might raise it — NBP President Adam Glapiński said Wednesday afternoon.
From NBP’s point of view, overcoming inflation is the most important thing – added.
The zloty rose rapidly after the announcement of another interest rate hike. At 16:40 the euro was 4.76 Polish zloty, which means the zloty is up more than 2% on the day.
During the NBP chief’s press conference, the zloty clearly expressed his appreciation. During that euro It fell below PLN 4.8.
The single currency cost 4.78 zlotys at about 3.30 pm, and around 4.40 pm, it was less than 4.76 zlotys, which means that during the day the zloty rose more than 2 percent against the euro.
As the zloty value for dollar. At 3:30 p.m. it was 4.33 zlotys, and at about 4:40 p.m. – just over 4.31 zlotys, which means an intraday strengthening of zlotys by 3.3%.
Swiss Franc He also lost to the zloty. Almost. At 3:30 pm the cost was 4.66 PLN, and at about 4:40 pm – 4.65 PLN, which means that the zloty has increased by more than 3.1% during the day.
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