ING analysts forecast further weakness for the Polish Zloty and Romanian Leu, projecting the EUR/PLN pair to climb toward 4.400 following the National Bank of Poland's decision to maintain current interest rates.
The National Bank of Poland's decision to maintain interest rates at 3.75% combined with a dovish communication strategy is expected to weaken the zloty. ING analyst Frantisek Taborsky projects this policy stance will drive the EUR/PLN pair higher, targeting a range of 4.380 to 4.400.
ING expects the pair to move towards the 4.380–4.400 range.
The Romanian Leu is currently facing downward pressure similar to the Polish Zloty, driven by a broader dovish sentiment in the region. This lack of aggressive monetary tightening is anticipated to support further upside for the EUR/RON exchange rate.
The currency is under pressure due to a dovish stance, which is contributing to upside potential for the EUR/RON pair.
The Polish Zloty faces downward pressure as the National Bank of Poland holds interest rates steady at 3.75%. ING analysts anticipate a dovish policy outlook will drive the EUR/PLN pair toward the 4.380–4.400 range in the near term.
The Zloty is under pressure due to the National Bank of Poland's decision to hold rates at 3.75% combined with a dovish policy outlook from central bank officials.