The National Bank of Poland raised its benchmark reference rate by 75bps to 6% on June 8th, in line with market expectations and following a similar move in the previous meeting. It was the ninth consecutive increase of the main rate to its highest level since November of 2008, as the NBP aims to combat inflationary pressures brought by higher prices for energy and agricultural commodities worldwide. The annual inflation rate in Poland surged to 13.9% in May, the highest since 1997. At the same time, the Lombard rate was set at 6.5% from 5.75%, the deposit rate at 5.5% from 4.75%, and the rediscount rate at 6.05% from 5.35%. source: National Bank of Poland
Interest Rate in Poland averaged 6.18 percent from 1998 until 2022, 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 June of 2022.
Interest Rate in Poland is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Poland Interest Rate is projected to trend around 7.50 percent in 2023, according to our econometric models.