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Polish Zloty Falls After Comments of MPC Member

June 13, 2016 at 17:33 by Vladimir Vyun

Multiple zloty banknotesThe Polish zloty fell today after a member of central bank’s Monetary Policy Council signaled that the National Bank of Poland would accept depreciation of the currency if it happens

Jerzy Kropiwnicki said that it would be “acceptable” if the zloty tumbles to record lows after the Brexit vote. He noted that a weaker currency would be beneficial to nation’s exporters. The zloty, which was already under pressure from concerns about the future of the European Union, dropped after the comments.

USD/PLN rose 0.44% to 3.9089 as of 17:28 GMT today.

If you have any questions, comments or opinions regarding the Polish Zloty, feel free to post them using the commentary form below.

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