Zloty under the pressure of elections. Analysts with economic impasse and impact on the NBP
How do financial markets react? It is quite nervous on the Warsaw stock exchange. Less fluctuations are in the case of exchange rates. At EUR 11 costs PLN 4.28 and the dollar is PLN 3.80. According to Commerzbank analysts In the coming days, increased volatility of the gold rate is possible.
“The poor result of Trzaskowski is now changing the dynamics of the election on June 1. This is due to the fact that the right -wing candidates who were eliminated in the race obtained over 21 % of votes in total, and this block can largely support Nawrocki in the second round. In turn, Trzaskowski must now create a coalition from the crushed centro -Polish – we read in the commentary.
“The zloty may experience re -volatility in the coming week, not only because of the decreasing chances of the ruling coalition candidate, but also because Nawrocki's win would re -introduce an impasse in economic policy and strengthened the influence of PiS supporters in the NBP “ – indicate Commerzbank experts.
I add that “markets shyly welcomed Rafał Trzaskowski as a reform friendly figure, potentially capable of unlocking EU funds and limiting the politicization of the central bank.” Assess that The perspective of the reverse result – in which the reinforced president on behalf of PiS blocks the government – can introduce nervousness to the currency market.
The results of the 1st round of elections 2025 with 100 percent circuits:
- Rafał Trzaskowski – 31.36 percent
- Karol Nawrocki – 29.54 percent
- Sławomir Mentzen – 14.8 percent
- Grzegorz Braun – 6.34 percent
- Szymon Hołownia – 4.99 percent
- Adrian Zandberg – 4.86 percent
- Magdalena Biejat – 4.23 percent
- Krzysztof Stanowski – 1.24 percent
- Joanna Senyszyn – 1.09 percent
- Marek Jakubiak – 0.77 percent
- Artur Bartoszewicz – 0.49 percent
- Maciej Maciak – 0.19 percent
- Marek Woch – 0.09 percent
The turnout was 67.31 percent
