• Latest
  • Trending
Zloty set to pace FX gains

Zloty set to pace FX gains

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Ford sells shares in EV maker Rivian for $214 MLN

Court puts sales ban on Ford’s internet linked cars in Germany

There is nothing left before Blockchain Fest in Singapore

There is nothing left before Blockchain Fest in Singapore

Exclusive Hyundai to slash combustion engine line-up, invest in EVS

Hyundai motor group plans to invest $16.5 BLN in S.Korea EV business

SONY expects profit to slip after pandemic boom

Sony readies for metaverse revolution with cross-platform push

JP Morgan shareholders vote disapproval of CEO Dimon’s special payout

JP Morgan shareholders vote disapproval of CEO Dimon’s special payout

Tesla loses $ 126 BLN in value amid Musk Twitter deal funding concern

Elon Musk says Twitter legal team told him he violated an NDA

Tech firms asks US supreme court to block Texas social media law

Tech firms asks US supreme court to block Texas social media law

US FAA shifts gears on certifying future flying taxi pilots

US FAA shifts gears on certifying future flying taxi pilots

Ford sells shares in EV maker Rivian for $214 MLN

Ford sells shares in EV maker Rivian for $214 MLN

Fed’s Waller says now is the time to hit it on raising rates

Fed’s Waller says now is the time to hit it on raising rates

All the best is yet to come in Singapore: Blockchain Fest 2022

All the best is yet to come in Singapore: Blockchain Fest 2022

Global Business Review Magazine
Thursday, May 26, 2022
Nominate Here
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
No Result
View All Result
Global Business Review Magazine
No Result
View All Result

Zloty set to pace FX gains

Zloty set to pace FX gains

The zloty has further space to climb, even after a rally. As chances grow that Poland’s central bank will begin lifting interest rates sooner rather than later, this was reported by the media. The Polish currency is lagged peers in central Europe in 2021. Meanwhile, the Hungarian forint and Czech crown are leading. This is because their respective central banks have started tightening cycles, even amid a post-pandemic economic recovery.

Poland’s central bank has resisted turning too quickly to interest rate rises. The zloty jumped 1.2%, and then after the inflation data came out, its biggest two-day rise happened since April. The zloty is to gain another 1.8% over the next 12 months, by reaching 4.425 to the euro. But with risks around issues like the treatment of foreign currency loans, or political battles between Warsaw and the European Union, the zloty’s ride is unlikely to be smooth. Malgorzata Krzywicka, an analyst with Erste Group Bank, said that the zloty would still underperform peers. This is expected to happen until the Polish central bank launches rate hikes.

YOU MAY ALSO LIKE

Investors in India’s Paytm have no access to payments bank data

Cash is no longer king – Wallester

The forint has been central Europe’s top gainer in 2021. It is forecasted to continue to strengthen. The crown was expected to gain 1.0% to 25.10 per euro in 12 months’ time. Radomir Jac, chief economist for Generali Investments CEE said that the positive interest rate differential against the euro should support both the crown and forint currencies in the coming months. But he shared the view that the Hungarian central bank will moderate the pace and frequency of interest rate hike. This is likely to lead to a slower pace of strengthening of the forint, when compared to the appreciation seen in summer and compared to the crown and zloty.

Tags: FinTechForexPandemicPolandZloty
ShareTweetShare

Search

No Result
View All Result

Recent News

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering

Ford sells shares in EV maker Rivian for $214 MLN

Court puts sales ban on Ford’s internet linked cars in Germany

There is nothing left before Blockchain Fest in Singapore

There is nothing left before Blockchain Fest in Singapore

Exclusive Hyundai to slash combustion engine line-up, invest in EVS

Hyundai motor group plans to invest $16.5 BLN in S.Korea EV business

SONY expects profit to slip after pandemic boom

Sony readies for metaverse revolution with cross-platform push

JP Morgan shareholders vote disapproval of CEO Dimon’s special payout

JP Morgan shareholders vote disapproval of CEO Dimon’s special payout

Global Business Review Magazine

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

  • Wells Fargo advisors fines $7 MLN by US SEC for anti-money laundering
  • Court puts sales ban on Ford’s internet linked cars in Germany
  • There is nothing left before Blockchain Fest in Singapore
  • Hyundai motor group plans to invest $16.5 BLN in S.Korea EV business
  • Sony readies for metaverse revolution with cross-platform push

Categories

  • Banking
  • Business
  • Events
  • Finance
  • FinTech
  • Tech
  • Videos
  • About
  • Nominate
  • Privacy & Policy

© 2022 Global Business Review Magazine - All Rights Reserved.

No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

© 2022 Global Business Review Magazine - All Rights Reserved.

Go to mobile version