Category: Interest Rates; Region: Poland; Report: European Central Bank Interest Rates; Source: Eurostat; View Full Chart Chart. The decision follows the 50bp rate cut the monetary policy council implemented on March 18. Poland will experience further economic recovery from the post-COVID slump, its central bank said on Tuesday, after it decided to keep interest rates unchanged at 0.1%. The National Bank of Poland (NBP) has reduced interest rates by 50 basis points and expanded its asset purchase programme in a bid to reduce the impact of Covid-19 on the economy. It … Poland Central Bank Deposit Interest Rate is at 1.00%, compared to 1.00% last month and 3.25% last year.

On 8 October 2008 the ECB announced that, starting from the operation to be settled on 15 October, the weekly main refinancing operations would be carried out through a fixed-rate tender procedure with full allotment at the interest rate on the main refinancing operations. The euro area yield curve shows separately AAA-rated euro area central government bonds and all euro area central government bonds (including AAA-rated).

As a result, the reference rate is now at a record low of 0.5%. Interest rates affect indirectly the exchange rate of polish zloty (PLN), interest rates of bank deposits and interest rates of loans.
Central bank can decrease interest rates in order to stimulate the economy by an incentive to invest (loans become cheaper).

Poland reported inflation of 5% in May, up from 4.5% in April, 4.3% in March, and higher than the Bank's official inflation target of 2.5% +/- 1%. The Bank also held unchanged the following rates: the rediscount rate at 4.75%, the Lombard rate at 6.00%, and the deposit rate at 3.00%. Poland raised interest rates Wednesday and its central bank governor said further increases are likely as inflation fears mount in the largest economy of the European Union's eastern tier. Export Data Save Image Print Image For advanced charting, view our full-featured Fundamental Chart.

The Bank last raised the interest rate by 25 basis points to 4.50% in June this year. Back then, the central bank also reduced banks’ reserve requirements, …

This is lower than the long term average of 3.27%.

On the other hand it can also increase the rates in order to stop inflation by incentive to save (deposits become more attractive).