Barclays Forecast for the Polish Zloty (PLN) – 25 June 2026
Barclays, in a Reuters‑published note dated 25 June 2026, projects that the Polish zloty (ticker PLN) will underperform against the euro and other Central and Eastern European (CEE) currencies. The bank attributes this outlook primarily to the dovish stance of the National Bank of Poland (NBP), which has kept monetary policy accommodative.
The forecast also highlights fiscal concerns: risks linked to the upcoming 2027 budget—set against an election year—are expected to weigh on the currency, further dampening its prospects. Barclays notes that a weaker euro could add additional pressure on the zloty, but paradoxically, this dynamic may render the zloty an attractive funding vehicle for investors seeking high‑yielding currency exposure.
Barclays emphasizes that Poland’s central bank continues to maintain an accommodative monetary policy stance, reinforcing the expectation of relative weakness for the zloty compared with regional peers. The combination of monetary‑policy dovishness and fiscal‑discipline uncertainties positions the zloty for underperformance in the near term.
No other entities, individuals, or regulatory actions are mentioned in the note.