April 27, 2022 - 02:57 PM 284 views
According to the Commerzbank
report, "Russia decided to stop the gas line supply to Poland. As a
result, the Zloty (the Poland currency) would suffer and, along with that, the
Hungary currency (forint) would also come under pressure. "
The Zloty, which is the centre of
attraction for all the Eastern European currencies, would come under high
pressure with the current news of the ban on Russian gas supplies to Poland.
It is predictable that energy
prices will have a direct impact on the inflation rate hike. This could put a
lot of pressure on Eastern European central banks, which have already raised
interest rates. At present, the Polish and Hungarian central banks are keeping
a keen eye on the economic threats, but they are not taking quick decisions on
the current market conditions. As a result, the Hungarian and Polish currencies
will be affected badly, and it could reduce the real positive interest rates in