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Banking

PM Kaczynski: Polish zloty is undervalued.

PM Kaczynski: Polish zloty is undervalued. The Polish zloty is undervalued, it’s value should be below PLN 4, said Prime Minister Jaroslaw Kaczynski. According to member of the Monetary Policy Council (RPP) Dariusz Filar, this statement might further strengthen the Polish currency, which might prove unwelcome by exporters, reported daily Gazeta Wyborcza . Deputy finance minister Piotr Soroczynski expects the zloty to trade at below 3.70 per EUR by the end of the year vs. around 3.81 now, the daily Rzeczpospolita said. tom

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