20:45 8 April 2020
RPP lowers all interest rates by 50 bp
The Monetary Policy Council (RPP) reduced all interest rates by 50 bp at the Wednesday meeting.
The Council decided to lower the NBP reference rate to the level of 0.50% on an annual basis. The lombard rate is now 1.00%, the deposit rate – 0.00%, the rediscount rate 0.55% and the promissory note discount rate 0.60% (all rates on an annual basis).
The RPP resolution enters into force on April 9, 2020.
The usual press conference after the MPC meeting was canceled.
(PAP)
