Poland: NBP Sees No Reason for Weakening Zloty

People ♦ Published: January 30, 2014; 10:15 ♦ (Vindobona)

According to Eugeniusz Gatnar, board manager of the National Bank of Poland (NBP), there was no fundamental reason for monetary intervention.

Poland: NBP Sees No Reason for Weakening Zloty / Picture: © Polish National Bank NBP

However, despite the national bank seeing no reason for weakening the Polish zloty at the moment, the market situation was closely examined, as pointed out by Gatnar. "As always, we closely monitor the situation," he said. "Excessive volatility of the zloty rate would be a negative phenomenon. However, for the time being we see no reason to worry."

"There is nervousness on the…

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