Zloty Hits Record High on Rate Talks
The Polish zloty is facing a scenario different from its neighboring currencies in the Baltics, central Europe and the euro as interest rates may rise in the following months to control the country’s growing inflation, helping the zloty to climb in forex markets this Thursday.
After a Polish government official stated that interest rates may be hiked in the second half of this year to prevent inflation to grow beyond the nation’s targets, the zloty reached the highest price in more than a year versus the currently unattractive euro.
EUR/PLN closed at 3.8963 from an opening rate of 3.9088 this Thursday.
If you want to comment on the Polish zloty’s recent action or have any questions regarding this currency, please, feel free to reply below.
Earlier News About the Polish Zloty:
- Polish Zloty Hits 2010 Record High Versus Weakened Euro (2010-02-22)
- Polish Zloty Down on European Confidence Decline (2010-02-19)
- Polish Zloty Climbs on Country GDP (2010-01-28)
- Investment Agency Rating Pushes Polish Zloty Up (2010-01-09)
- Polish Zloty Rises on GDP Acceleration (2009-11-30)
