Economists at ING expect the EUR/PLN to trade sideways throughout the rest of the year. In 2023, however, the pair should start to move downward.
“In the remainder of 2022, we expect EUR/PLN to remain in a broad horizontal trend. During the holiday period, investors betting against the zloty took notable stop-losses on low liquidity. Hence, now they should be less inclined to take long EUR/PLN or USD/PLN positions.”
“Next year, we expect a gradual EUR/PLN decline. The zloty should be supported by high rates in Poland, while some key central banks gear towards easing.”