Improvement in global debt market, stabilizing dollar likely to ease Polish zloty in near-term

Improvement in the global debt market, coupled with signs of stabilization in the greenback is expected to bring about some relief to the Polish zloty.

Poland stands by its plans to transfer 25 percent of pension fund OFE assets to the Demographic Reserve Fund and the rest to the third pillar of the pension system, and the Labor Ministry's draft recommendations on pension system review fit in with those plans, the Finance Ministry and the Family and Labour Ministry said in a joint statement last Friday.

Long talks of a 100 percent shift, although far from becoming reality, may convince investors to add a new discounting factor to valuations of polish equities, KBC Central European reported.

Meanwhile, the Central Statistical Office will release industrial production and retail sales figures for October.