Dollar at its highest in a year and a half. Zloty under pressure, specter of interest rate hikes returns

The Polish zloty is weakening due to global factors such as rising oil prices and geopolitical tensions. Analysts predict that the Federal Reserve and the European Central Bank will maintain their current monetary policies despite persistent inflation. The Monetary Policy Council may respond to the zloty's decline, but immediate risks of further depreciation seem limited. Upcoming decisions from central banks could significantly influence currency rates, with expectations of no immediate rate hikes. The economic outlook remains cautious, with inflation pressures persisting but not alarming enough to prompt urgent action from policymakers.