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.
Interest Rate in Poland averaged 6.57 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 June 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 0.75 percent in 2021 and 1.25 percent in 2022, according to our econometric models.