RPP keeps interest rates unchanged. Could stay this way into 2019

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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.

The Council and NBP head Adam Glapiński reiterated that he doesn’t see the need to change the rates until 2019. “In my opinion, rates will stay unchanged until the end of 2018, perhaps even longer. We’re not going to do anything original. There is a disparity in rates between Poland and other countries at around 2 percent and nothing will be changed here.”

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