Politics
Zloty Is Still ‘Strong’ After Slide, Polish MPC’s Litwiniuk Says
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Exclusive Currencies Zloty Is Still ‘Strong’ After Slide, Polish MPC’s Litwiniuk Says Poland’s currency remains at a “strong” level even after weakening in recent months and isn’t a particular point of focus for the central bank, according to policymaker Przemyslaw Litwiniuk. The zloty has lost 3.1% versus the European currency since the end of May and its four-month slide is the longest since 2018, according to data compiled by Bloomberg. Litwiniuk told Bloomberg the weakening is based on...
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Currencies
Zloty Is Still ‘Strong’ After Slide, Polish MPC’s Litwiniuk Says
Poland’s currency remains at a “strong” level even after weakening in recent months and isn’t a particular point of focus for the central bank, according to policymaker Przemyslaw Litwiniuk.
The zloty has lost 3.1% versus the European currency since the end of May and its four-month slide is the longest since 2018, according to data compiled by Bloomberg. Litwiniuk told Bloomberg the weakening is based on external factors, including a strong dollar and a spike in fuel prices.