The National Bank of Poland held its benchmark reference rate at a record low of 0.1 percent on during its October meeting, amid a steep economic recession and rising inflationary pressure. The annual inflation rate picked up to 3.2 percent in September, remaining above the central bank’s medium-term target of 2.5 percent for an eleventh consecutive month. 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 6.47 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 October 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 0.50 percent in 2022, according to our econometric models.