The National Bank of Poland raised its benchmark reference rate by 75bps to 1.25% on November 3rd, surpassing market expectations of a 50bps hike. It was the second consecutive increase of the main rate, as the NBP aims to ease inflationary pressure. The country’s consumer price inflation is expected to have risen 6.8 percent in October, according to preliminary estimates, the highest reading since 2001 and well above the central bank’s target range of 2.5 percent plus or minus one percentage point. At the same time, the Lombard rate was set to 1.75 percent from 1 percent, the deposit rate to 0.75 percent from 0 percent, and the rediscount rate to 1.3 percent from 0.51 percent. source: National Bank of Poland

Interest Rate in Poland averaged 6.23 percent from 1998 until 2021, 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 December of 2021.

Interest Rate in Poland is expected to be 1.50 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 2.75 percent in 2022 and 3.50 percent in 2023, according to our econometric models.

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Poland Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-08 04:05 PM Interest Rate Decision Sep 0.1% 0.1% 0.1% 0.1%
2021-10-06 01:40 PM Interest Rate Decision Oct 0.5% 0.1% 0.1% 0.1%
2021-11-03 02:50 PM Interest Rate Decision Nov 1.25% 0.5% 1% 0.75%
2021-12-08 12:00 PM Interest Rate Decision Dec 1.25% 1.5%
2021-12-10 12:00 PM Monetary Policy Meeting Minutes


Related Last Previous Unit Reference
Interest Rate 1.25 0.50 percent Nov/21
Interbank Rate 2.08 2.08 percent Dec/21
Money Supply M1 1696549.50 1678181.89 PLN Million Oct/21
Money Supply M0 390496.30 423947.10 PLN Million Oct/21
Money Supply M2 1930050.90 1907960.18 PLN Million Oct/21
Money Supply M3 1935690.70 1914199.20 PLN Million Oct/21
Foreign Exchange Reserves 167838.50 167018.80 USD Million Oct/21
Banks Balance Sheet 2644093.28 2607839.26 PLN Million Sep/21
Deposit Interest Rate 0.75 0.75 percent Nov/21
Central Bank Balance Sheet 840678.50 838658.10 PLN Million Oct/21
Cash Reserve Ratio 0.50 0.50 percent Sep/21
Loans To Private Sector 308537.81 308641.89 PLN Million Jun/16

News Stream
Poland Hikes Main Rate to 1.25%
The National Bank of Poland raised its benchmark reference rate by 75bps to 1.25% on November 3rd, surpassing market expectations of a 50bps hike. It was the second consecutive increase of the main rate, as the NBP aims to ease inflationary pressure. The country’s consumer price inflation is expected to have risen 6.8 percent in October, according to preliminary estimates, the highest reading since 2001 and well above the central bank’s target range of 2.5 percent plus or minus one percentage point. At the same time, the Lombard rate was set to 1.75 percent from 1 percent, the deposit rate to 0.75 percent from 0 percent, and the rediscount rate to 1.3 percent from 0.51 percent.
2021-11-03
Poland Unexpectedly Hikes Main Rate to 0.5%
The National Bank of Poland unexpectedly raised its benchmark reference rate by 40bps to 0.5% on October 6th surprising markets who expected no change in borrowing costs until at least the first quarter of 2022. It was the first increase in the main rate since 2012 aiming to decrease the inflation to NBP target in the medium term, Early estimates showed the annual inflation rate rose to 5.8% in September, the highest since June 2001 and well above the central bank's target range of 2.5% plus or minus one percentage point.
2021-10-06
Poland Leaves Interest Rates Unchanged
The National Bank of Poland held its benchmark reference rate at a record low of 0.1 percent during its September meeting, as widely expected, to support economic growth amid growing inflationary pressure. The country’s consumer price inflation rose to 5.4 percent in August, the highest since June 2001 and 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.
2021-09-08

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.