The Polish zloty fell today as nation’s inflation decelerated last month, giving the central bank incentive to keep interest rates at the current record low level.
Consumer prices rose 1 percent in September from a year ago, down from 1.1 percent in the prior month. The growth was far below the central bank’s target of 2.5 percent. It is not likely that the National Bank of Poland will raise interest rates as long as inflation remains subdued.
USD/PLN rose from 3.0846 to 3.0981 as of 14:08 GMT today.
If you have any questions, comments or opinions regarding the Polish Zloty,
feel free to post them using the commentary form below.
Be First to Comment