Interest rates remain unchanged

To a surprise of no one, the Monetary Policy Council (RPP) has decided to keep interest rates unchanged yet again.

The NBP’s reference rate stands at 1.5 percent, the lombard rate at 2.50 percent, the deposit rate at 0.50 percent and the rediscount rate at 1.75 percent.

In March 2015, the RPP lowered interest rates by 0.5 basis points. Since then, they have remained unchanged.

Several RPP members, including its head Adam Glapiński, once again said that they don’t see any rate hikes this year, and quite possibly in 2019 as well. “

I’d like not make any forecasts for 2019, as we have just started 2018. By the end of 2018, we will not change current trends. We will think about 2019 when projections will show what will happen. I would like the rates to remain stable until the end of 2018, and if circumstances permit, even further,” Glapiński explained.

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