ING Sees Zloty Under Pressure, NBP Rate Hikes Delayed to Early 2027

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ING strategist Frantisek Taborsky expects the National Bank of Poland to delay rate hikes until early 2027, with government fuel-price measures allowing policymakers to remain patient. He sees the EUR/PLN trading range shifting higher to 4.380–4.400 amid a strong US Dollar, rising energy prices and risk aversion. The call comes as the Romanian Leu awaits political clarity.

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