NBP holds interest rates steady

The Monetary Policy Council (MPC) held Poland’s central bank interest rates steady during its September 3-4, 2024 meeting, keeping the reference rate at 5.75%, in line with market expectations. Other rates remain unchanged as well, with the Lombard rate at 6.25%, the deposit rate at 5.25%, the rediscount rate for bills of exchange at 5.80%, and the bill discount rate at 5.85%. The decision aligns with the Council's efforts to manage inflation and economic growth.