NBP says it could intervene in the FX space. Subsequent action is data-dependent.
Context
The NBP's indication of potential intervention in the FX markets highlights their concern over currency volatility, and it suggests a more proactive approach to stabilizing the zloty. This implies that future rate decisions or policy adjustments may hinge on economic data, potentially affecting market expectations around interest rates and contributing to volatility in related asset classes, including EUR/PLN and broader risk sentiment.
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