The Polish banking sector is stable and resilient
The Polish banking sector is stable and resilient to external shocks, including to the volatility of the exchange rate.
Narodowy Bank Polski is closely monitoring and analyzing the situation in the foreign exchange market. The significant appreciation of the Swiss franc against the zloty is not related to Poland’s economic situation and macroeconomic foundations. It is caused by the decision of the Swiss National Bank to abandon the peg of the Swiss franc to the euro. The Swiss National Bank has also decided to cut its interest rates. The Swiss franc has soared against all major currencies. The fluctuations in the exchange rate of the zloty against the euro do not differ from those observed in the recent period.