RPP keeps interest rates unchanged

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

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.

Fifteen out of twenty economists polled by the Polish Press Agency PAP do not expect any changes to the interest rates by end-2018, while three expect it to be increased by 0.25 pps, and another two think they will be raised by 0.50 pps.

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