Polish Zloty Weakens Slightly as Growth Forecast Revised Lower

The Polish zloty fell a bit today after the outlook for this year’s economic growth in Poland was revised lower.

Polish Finance Minister Mateusz Morawiecki stated that Poland’s economy is likely to grow between 2.5% to 3% this year. That is compared to the previous forecast of 3.4%. The Organization for Economic Co-operation and Development predicted growth of 2.6% in 2016 and around 3% in 2017–18 for Poland.

USD/PLN ticked up 0.03% to 4.1665 as of 11:20 GMT today, though right now the currency pair shows tendency to reduce its gains.

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