ING: Diverging PMI Data Caps Zloty, Polish Growth Still Above 3% in 2026
ING analyst Frantisek Taborsky notes that diverging PMI signals across Central Europe are capping the Polish zloty, though Polish growth is still expected to exceed 3% in 2026 amid softer inflation and a dovish central bank outlook.
Frantisek Taborsky at ING highlights mixed purchasing managers' index (PMI) data across Central Europe, with strong sentiment in the Czech Republic contrasting with weaker readings in Poland. This divergence is keeping the Polish zloty capped.
Despite the weaker PMI, Taborsky still expects Polish GDP growth to rise above 3% in 2026. Softer inflation figures and a potentially more dovish stance from the National Bank of Poland (NBP) are reflected in expectations for modest rate cuts ahead.
The analyst's remarks come as the zloty trades under pressure from the mixed economic signals and the prospect of looser monetary policy.
Source: FXStreet Forex News