RPP leaves interest rates unchanged

In line with expectations, 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 2.5 percent, the deposit rate at 0.5 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.