Zloty Will Lag Forint as Poland Delays Rate Rises
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The zloty may “underperform” the Hungarian forint as slowing inflation leads Poland’s central bank to delay interest rate increases, Societe Generale SA said.
The Polish currency will probably trade at 3.96 to 4.04 per euro and is unlikely to advance toward 70 forint “in the coming weeks,” strategists at the French bank including Gaelle Blanchard in London wrote in a note to clients. The zloty eased 0.3 percent to 3.9964 per euro as of 4:45 p.m. in Warsaw.