The Polish banking sector has remained highly resilient, with mortgages denominated in foreign currency being its only threat, shows a report by the central bank.
Poland's central bank had at its disposal the equivalent of USD 166 billion at the end of 2021, up six-fold compared to 2020 and almost doubling over the last decade, the National Bank of Poland (NBP) wrote in a statement on Thursday.
The National Bank of Poland resorted to selling foreign currencies on Wednesday after a similar move on Tuesday as the Polish zloty slid to its lowest level against the US dollar in two decades due to the Ukraine war.
Poland's Supreme Court deferred making a ruling on the case of loans denominated in foreign currencies on Thursday, instead asking the Court of Justice of the European Union (CJEU) to help it resolve a procedural issue on the appointment of judges.
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