Poland bets on the zloty, delaying euro adoption amid booming growth

1 min read
Source: Financial Times
Poland bets on the zloty, delaying euro adoption amid booming growth
Photo: Financial Times
TL;DR Summary

Poland says it will delay adopting the euro, arguing its economy now outperforms many euro-area peers and that keeping the zloty is in the country’s best interests. EU rules still require convergence before euro entry, but the timing is a political choice as Warsaw targets a G20 seat and public opinion leans toward staying with the zloty, with improved but careful relations between the government and the central bank amid tensions with the presidency.

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