Trump meets Zelenskiy, says Putin wants war to end, mulls trilateral talks
Investing.com -- The Polish zloty recently recorded its highest level against the euro in a decade, causing unease among exporters and the Polish government. The rise of the zloty has intensified worries about the central bank’s stringent interest rate policy.
On Thursday, the Polish currency appreciated by 0.3% to reach 4.1284 against the euro, marking its strongest level since July 2015. Since hitting a low on November 11, the zloty has rallied nearly 6%, making it the best performer among emerging-market currencies, only trailing the Russian ruble and the Colombian peso.
The zloty’s rise has been fueled by remarks from the central bank, which suggested that interest rates might remain stable for most of 2025. Last year, Poland was the only major east European economy that did not lower its interest rates. The prospect of a quicker resolution to the conflict in Ukraine has also attracted investment into the region, further boosting the zloty’s value.
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