Polish Zloty under pressure as president blocks key reforms – Commerzbank
Commerzbank warns that President Karol Nawrocki's record number of vetoes, blocking legislation on crypto, tax and healthcare, is weighing on the Polish zloty. The bank expects obstruction to continue until 2027.
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Commerzbank analyst Tatha Ghose notes that Polish President Karol Nawrocki has accumulated a record number of vetoes, stalling key legislation including crypto asset regulation, taxation changes, and healthcare reforms.
Ghose expects Nawrocki to continue blocking reforms through 2027, creating persistent political uncertainty. This veto risk is seen as a negative factor for the Polish zloty (PLN), with the currency facing headwinds from the ongoing legislative gridlock.
Source: FXStreet Forex News