Polish central bank intervenes in favor of the zloty … which suffers the effects of rising U.S. yields
The National Bank of Poland has proved several times in recent months that one ought to be very careful about trusting its statements, and this has also been the case in recent days. Two days after the bank, through its President Belka, played down the importance of the significant depreciation of the zloty, the NBP, in the wake of the release of good figures from the U.S. labor market, started to intervene in favor of the Polish currency!
Read the full report: FX Daily
KBC