The National Bank of Poland held its benchmark reference rate at a record low of 0.1 percent on July 14th of 2020, as expected even after inflation rate jumped to 3.3 percent in June, above the central bank’s medium-term target of 2.5 percent. Also, the Lombard rate and the deposit rate were kept steady at 0.5 percent and 0 percent, respectively, and the rediscount rate was left unchanged at 0.11 percent.

Interest Rate in Poland averaged 6.53 percent from 1998 until 2020, reaching an all time high of 24 percent in March of 1998 and a record low of 0.10 percent in May of 2020. This page provides - Poland Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Poland Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: National Bank of Poland

Interest Rate in Poland is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Poland to stand at 0.10 in 12 months time. In the long-term, the Poland Interest Rate is projected to trend around 0.10 percent in 2021 and 0.75 percent in 2022, according to our econometric models.

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Poland Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.10 24.00 0.10 1998 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-08 11:40 AM Interest Rate Decision 0.5% 1% 1% 0.75%
2020-05-28 12:50 PM Interest Rate Decision 0.1% 0.5% 0.5% 0.5%
2020-06-16 12:25 PM Interest Rate Decision 0.1% 0.1% 0.1% 0.1%
2020-07-14 12:00 PM Interest Rate Decision 0.1% 0.1% 0.1% 0.1%
2020-08-20 11:00 AM Monetary Policy Meeting Minutes
2020-09-09 11:00 AM Interest Rate Decision 0.1% 0.1%
2020-09-24 11:00 AM Monetary Policy Meeting Minutes
2020-10-07 11:00 AM Interest Rate Decision 0.1%


News Stream
Poland Leaves Monetary Policy Unchanged
The National Bank of Poland held its benchmark reference rate at a record low of 0.1 percent on July 14th of 2020, as expected even after inflation rate jumped to 3.3 percent in June, above the central bank’s medium-term target of 2.5 percent. Also, the Lombard rate and the deposit rate were kept steady at 0.5 percent and 0 percent, respectively, and the rediscount rate was left unchanged at 0.11 percent.
2020-07-14
Poland Holds Key Interest Rate at 0.1%
The National Bank of Poland held its benchmark reference rate at a record low of 0.1 percent on June 16th of 2020, in line with market expectations and following three consecutive cuts since March amid the coronavirus crisis. In May, the annual inflation rate eased to 2.9 percent, moving towards the central bank’s medium-term target of 2.5 percent. Also, the Lombard rate and the deposit rate were kept steady at 0.5 percent and 0 percent, respectively, and the rediscount rate was left unchanged at 0.11 percent.
2020-06-16
Poland Cuts Key Interest Rate Further to 0.1%
The National Bank of Poland lowered its benchmark reference rate by 40bps to 0.1 percent on May 28th of 2020, while markets were expecting no changes. It follows two consecutive rate cuts by 50bps and brings borrowing costs to fresh record lows to counter the negative economic effects of the spread of Covid-19. The central bank also slashed its lombard rate to 0.5 percent from 1 percent, and the rediscount rate to 0.11 percent from 0.55 percent.
2020-05-28
Poland Cuts Key Interest Rate by 50bps
The National Bank of Poland lowered its benchmark reference rate by 50bps to 0.5 percent on April 8th of 2020, while markets were expecting no changes. It follows a cut by a similar margin last month and brings borrowing costs to fresh record lows to counter the negative economic effects of the spread of Covid-19. This comes despite inflation rate rose to 4.7 percent in February, well above the medium-term target of 2.5 percent. The central bank also slashed its lombard rate to 1 percent from 1.50 percent, and the rediscount rate to 0.55 percent from 1.05 percent.
2020-04-08

Poland Interest Rate
In Poland interest rates decisions are taken by the National Bank of Poland (Narodowy Bank Polski, NBP). The official interest rate is the Reference Rate.