Polish Zloty (PLN)

Poland — Narodowy Bank Polski

Polish złoty — the largest free-floating currency in Central and Eastern Europe.

FX Session:
London
PLN/USD
0.27484
PLN/USD Exchange Rate
Economic Indicators
Indicator Latest Previous Change Date
Inflation 3.5 3.4 +0.10 2025-05-31
Unemployment 5.7 — — 2025-12-31
Narodowy Bank Polski Press Releases
  • The results of the NBP bills sale auction carried out on 10 Apr 2026
    2026-04-10
    Narodowy Bank Polski announces results of the NBP bills sale (fine-tuning open market operation) carried out on 10 Apr 2026 Artykuł The results of the NBP bills sale auction carried out on 10 Apr 2026 pochodzi z serwisu Narodowy Bank Polski - Internetowy Serwis Informacyjny .
  • Press release from the meeting of the Monetary Policy Council held on 8-9 April 2026
    2026-04-09
    On 8-9 April 2026 the Monetary Policy Council held a decision-making meeting. Artykuł Press release from the meeting of the Monetary Policy Council held on 8-9 April 2026 pochodzi z serwisu Narodowy Bank Polski - Internetowy Serwis Informacyjny .
  • Poland’s reserve assets in March 2026
    2026-04-07
    NBP data: At the end of March 2026, Poland’s official reserve assets, managed by Narodowy Bank Polski, stood at EUR 253.5bn, or USD 290.7bn in US dollar terms. Artykuł Poland’s reserve assets in March 2026 pochodzi z serwisu Narodowy Bank Polski - Internetowy Serwis Informacyjny .

About the Polish Zloty (PLN)

The Polish złoty (PLN) is the official currency of Poland and the largest free-floating currency in Central and Eastern Europe. It is sensitive to eurozone growth, EU policy decisions, and regional geopolitics.

Narodowy Bank Polski: monetary policy framework

The National Bank of Poland (NBP) Monetary Policy Council (RPP) sets the reference rate at monthly meetings. The NBP's inflation target is 2.5% ±1 percentage point, and decisions are followed by an NBP press conference and quarterly Inflation Reports.

What moves the PLN?

  • NBP reference rate and RPP press-conference guidance.
  • Poland CPI and core CPI excluding food and energy.
  • Eurozone growth and the ECB policy stance.
  • Geopolitical risk premium from the war in Ukraine.
  • EU disbursements (RRF / cohesion funds).
  • Risk sentiment in Central and Eastern European FX (CE3).

Key data and events to watch

  • NBP reference-rate decision and Governor's press conference.
  • Poland CPI flash and final.
  • NBP Inflation Report (quarterly).
  • Eurozone PMIs and German industrial data.
  • EUR/PLN and HUF/PLN regional cross.

Frequently asked questions about the Polish Zloty

Will Poland adopt the euro?
Poland is legally obligated to adopt the euro under its EU accession treaty but has no formal target date. Adoption requires meeting the Maastricht convergence criteria and a constitutional change.
What inflation target does the NBP follow?
The NBP targets 2.5% CPI inflation with a tolerance band of ±1 percentage point, measured by Poland's headline CPI.
What drives the Polish złoty?
Key drivers include the NBP-ECB rate differential, eurozone growth (Poland is heavily integrated with German manufacturing supply chains), EU fund flows, and geopolitical risk premia from the broader region.
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