The EUR/PLN pair is set to test the 4.400 level as ING analysts anticipate the NBP will hold rates steady until 2027, citing government fuel-price interventions as a buffer against immediate inflationary pressure.
ING strategist Frantisek Taborsky anticipates a shift in the EUR/PLN trading range to 4.380–4.400, driven by a combination of a strengthening US Dollar, elevated energy prices, and broader market risk aversion. Furthermore, the National Bank of Poland (NBP) is expected to maintain a patient monetary policy stance, with rate hikes likely delayed until early 2027 due to government fuel-price interventions.
ING projects the range to shift higher to 4.380–4.400.
Rate hikes are now expected to be delayed until early 2027.
The Romanian leu currently lacks a clear directional catalyst as the market awaits resolution regarding the domestic political landscape. Without political clarity, the currency remains in a state of uncertainty, preventing a definitive trend from emerging in the near term.
The currency is awaiting political clarity, which is currently absent from the landscape.
ING strategist Frantisek Taborsky projects the Polish zloty will face continued downward pressure, pushing the EUR/PLN pair into a higher 4.380–4.400 trading range. The outlook stems from a strengthening US dollar, elevated energy costs, and a broader shift in risk sentiment, while the National Bank of Poland maintains a patient stance on interest rates.
The NBP is maintaining a patient policy stance, supported by government fuel-price measures that help mitigate inflationary pressures.
The pair is rising due to a combination of a strong US dollar, increasing energy prices, and heightened risk aversion in global markets.