Top Forex News

Live Forex news from all over the world.

    Archives

Polish Z?oty PLN

 

Detailed information and fundamental factors

Central Bank: National Bank of Poland

Public Debt to GDP Ratio, 2015: 43.4%

Trade Balance, 2015: $2.7 bln.

Inflation, 2015: -0.8%

Sovereign Credit Ratings:

Fitch
A-
Stable
Moody's
A2
Negative
S&P
A-
Stable

Factors of Weakness

Dependence on the eurozone

The Polish zloty is the official currency of Poland. It has a history dating back to the Middle Ages, but the most recent version of the currency was introduced in 1995 as a result of a redenomination of the old currency. Poland, as a member of the European Union, is expected to introduce the euro as an official currency, but there is no set date and it is not likely to occur in the near future.



Polish Zloty News Archive

Zloty Rebounds as Polish GDP Beats Expectations

Poland’s gross domestic product grew above expectations, probably contributing to the rally of the Polish zloty against the US dollar, though currencies of other Eastern European nations gained as well despite weaker-than-expected economic growth.

Polish Zloty Backs Off as Central Bank Stays Passive

The Polish zloty backed off from the recent highs today after the nation’s central bank decided to keep the record low interest rates unchanged.

Polish Zloty Gains on Friday

The Polish zloty gained during the Friday’s trading session thanks to relatively good performance of the nation’s stock market.

Polish Zloty Edges Lower Ahead of S&P Credit Rating Review

The Polish zloty edged lower today ahead of a credit rating review by Standard & Poor’s that may result in lower credit grade for the Eastern European country.

Polish Zloty Weakens Slightly as Growth Forecast Revised Lower

The Polish zloty fell a bit today after the outlook for this year’s economic growth in Poland was revised lower.

Polish Zloty Under Pressure from Monetary Easing Outlook

The Polish zloty fell against other most-traded currencies, including the US dollar, during the Friday’s trading session, pressed by expectations of monetary easing from the nation’s central bank.

Polish Zloty Falls After Comments of MPC Member

The 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

Weaker Zloty Good for Polish Economy

The Polish zloty fell against the US dollar today as the market sentiment soured, making riskier currencies of emerging economies less attractive. This may be not that bad in the long run, at least for those Polish policy makers that want the currency to be lower.

Poland’s Central Bank Cuts Interest Rates, Zloty Weakens vs. Dollar

Poland’s central bank decided to perform an interest rate cut today, reducing all of its borrowing costs by half of a percentage point. Such decision resulted in a drop of the Polish zloty against the US dollar. The currency was still stronger than the euro.

Polish Zloty Falls on Concerns about Russia’s Troubles

The Polish zloty fell today on concerns that economic troubles in Russia may spread to other Eastern European countries. Yet analysts argue that the future does not necessarily looks bleak for the currency.

Navigation

Menu