RPP keeps interest rates unchanged. Should stay this way next year

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 the end of next year.