RPP rises interest rates by 0.50 pp

The Monetary Policy Council (RPP) has decided, in line with expectations, to rise interest rates by 0.50 percentage points after its two-day sitting on Tuesday and Wednesday. The NBP’s reference rate stands now at 1.50 percent, the lombard rate at 2.50 percent, the deposit rate at 0.50 percent and the rediscount rate at 1.75 percent.