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.

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Poland Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-06 12:45 PM Interest Rate Decision Apr 4.5% 3.5% 4% 3.75%
2022-05-05 02:05 PM Interest Rate Decision May 5.25% 4.5% 5.5% 5%
2022-06-08 01:30 PM Interest Rate Decision Jun 6% 5.25% 6% 6%
2022-07-07 03:00 PM Interest Rate Decision Jul 6% 6.25%
2022-07-08 03:00 PM Monetary Policy Meeting Minutes
2022-08-25 03:00 PM Monetary Policy Meeting Minutes


Related Last Previous Unit Reference
Interest Rate 6.00 5.25 percent Jun 2022
Interbank Rate 6.88 6.88 percent Jun 2022
Money Supply M0 458772.00 436953.10 PLN Million May 2022
Money Supply M1 1666786.60 1688740.20 PLN Million May 2022
Money Supply M2 2005087.71 2002569.61 PLN Million May 2022
Money Supply M3 2015134.60 2013244.60 PLN Million May 2022
Foreign Exchange Reserves 156220.00 152150.40 USD Million May 2022
Banks Balance Sheet 2716210.39 2682609.86 PLN Million Feb 2022
Deposit Interest Rate 5.50 4.75 percent Jun 2022
Central Bank Balance Sheet 845832.80 851202.50 PLN Million May 2022
Cash Reserve Ratio 3.50 3.50 percent Apr 2022
Loans To Private Sector 308537.81 308641.89 PLN Million Jun 2016

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.
Actual Previous Highest Lowest Dates Unit Frequency
6.00 5.25 24.00 0.10 1998 - 2022 percent Monthly

News Stream
Poland Hikes Main Rate by 75bps to 6%
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%.
2022-06-08
Poland Hikes Main Rate Less than Expeted
The National Bank of Poland raised its benchmark reference rate by 75bps to 5.25% on May 5th, but below market expectations of a 100bps rate hike. Policymakers signaled that rates are likely to rise further in the coming meetings, but noted that the bank’s guidance may change due to uncertain economic conditions amid the war in Ukraine. It was the eighth consecutive increase of the main rate to its highest level since December of 2012, as the NBP aimed to combat inflationary pressures brought by higher prices for energy and agricultural commodities worldwide. Poland’s latest price inflation reading came at 12.3% in April, above market expectations and the highest since 1997. Meanwhile, the Lombard rate and the rediscount rate were also increased by 75bps to 5.75% and 5.35%, respectively.
2022-05-05
Poland Surprises with 100bps Rate Hike
The National Bank of Poland raised its benchmark reference rate by 100bps to 4.5% on April 6th to its highest level since November of 2012 and above expectations of a 50bps increase. It was the seventh consecutive hike of the main rate, as the NBP aimed to combat inflationary pressures brought by higher prices for energy and agricultural commodities due to Russian military aggression against Ukraine. The country’s latest price inflation reading came at 10.9% in March, the highest since July 2000 and significantly above the central bank’s target range of 2.5% plus or minus one percentage point. Meanwhile, the Lombard rate was increased by 100bps to 5% and the rediscount rate was hiked by 100bps to 4.55%.
2022-04-06