Interest unchanged possibly through 2020 – NBP head

Interest rates will “almost certainly” remain unchanged by end-2019 and possible also in 2020, said NBP head Adam Glapiński, after the Monetary Policy Council (RPP) decided to maintain current interest rates level yet again at its May sitting. The reference rate has been at 1.5 percent, Lombard rate at 2.5 percent, deposit rate at 0.5 percent and rediscount rate at 1.75 percent since March 2015. RPP also said that “despite relatively high economic growth and faster wage increase than in the previous year, consumer price increases have remained stable. Excluding food and energy prices, inflation remains low.”