EUR/PLN to decline towards the 4.40 level by end-2022 – TDS

FXStreet Insights Team FXStreet

Economists at TD Securities expect the Polish central bank to be hawkish and hence continue to be relative bullish on the zloty. They forecast the EUR/PLN at 4.40 by end-2022.

Ongoing spat with the EU may cause PLN weakness

“We see EUR/PLN moving lower in 2022, reaching 4.40 by year-end, before converging back to the pre-pandemic level of 4.30 in 2023.”

“The ongoing spat with the EU may cause PLN weakness, but over the long-term, we see PLN well-supported by continued strong growth and a more hawkish NBP.”

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FXStreet Insights Team

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