The National Bank of Poland held its benchmark reference rate at a record low of 0.1 percent during its June meeting, as widely expected, aiming to support economic growth amid growing inflationary pressure. The country's consumer price inflation jumped in May to the highest level since November 2011 and well above the central bank's medium-term inflation 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. source: National Bank of Poland

Interest Rate in Poland averaged 6.32 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 June of 2021.

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 1.00 percent in 2022 and 1.50 percent in 2023, according to our econometric models.

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Poland Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.10 24.00 0.10 1998 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-03 03:00 PM Interest Rate Decision Mar 0.1% 0.1% 0.1% 0.1%
2021-04-07 12:25 PM Interest Rate Decision Apr 0.1% 0.1% 0.1% 0.1%
2021-05-05 03:30 PM Interest Rate Decision May 0.1% 0.1% 0.1% 0.1%
2021-06-09 02:35 PM Interest Rate Decision Jun 0.1% 0.1% 0.1% 0.1%
2021-07-08 11:00 AM Interest Rate Decision Jul 0.1% 0.1%
2021-07-09 11:00 AM Monetary Policy Meeting Minutes
2021-08-24 11:00 AM Interest Rate Decision Aug
2021-08-26 11:00 AM Monetary Policy Meeting Minutes


News Stream
Poland Leaves Interest Rates at Record Lows as Expected
The National Bank of Poland held its benchmark reference rate at a record low of 0.1 percent during its June meeting, as widely expected, aiming to support economic growth amid growing inflationary pressure. The country's consumer price inflation jumped in May to the highest level since November 2011 and well above the central bank's medium-term inflation 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.
2021-06-09
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 May meeting, as widely expected, amid an economic recession and rising inflationary pressures. The annual inflation rate picked up to 4.3% in April, the highest since last March 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.
2021-05-05
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 April meeting, as widely expected, amid an economic recession and rising inflationary pressures. The annual inflation rate picked up to 3.2% in March, the highest since last September 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.
2021-04-07
Poland Holds Key Interest Rate at Record Low
The National Bank of Poland held its benchmark reference rate at a record low of 0.1 percent during its March 2021 meeting, as expected, amid efforts to cushion the adverse impact of the ongoing health crisis and support the economic recovery. Meantime, the annual inflation rate rose to 2.7 percent in January from a 19th-month low of 2.4 percent in the previous month, above the central bank’s medium-term target of 2.5 percent. The central bank revised higher its inflation forecast to 2.7-3.6 percent in 2021 (from 1.8-3.2 percent); and 2.0-3.6 percent in 2022 (from 1.6-3.6 percent). At the same time, policymakers revised its GDP expectations to 2.6-5.3 percent in 2021 (from 0.8-4.5 percent); and 4.0-6.9 percent in 2022 (from 3.8-7.8 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.
2021-03-03

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.