National Bank of Poland interest rates in June 2024
On June 4-5, 2024, the Monetary Policy Council held a meeting during which it decided to keep the interest rates unchanged. Current National Bank of Poland interest rates: reference rate at 5.75% on an annual basis lombard rate at 6.25% on an annual basis deposit rate at 5.25% on an... Read More →
National Bank of Poland interest rates in May 2024
On April 8-9, 2024, a meeting of the Monetary Policy Council took place, during which it was decided to keep the interest rates unchanged. Current National Bank of Poland interest rates: reference rate at 5.75% on an annual basis lombard rate at 6.25% on an annual basis deposit rate at... Read More →
National Bank of Poland interest rates in April 2024
On April 3-4, 2024, a meeting of the Monetary Policy Council took place, during which it was decided to keep the interest rates unchanged. Current National Bank of Poland interest rates: reference rate at 5.75% on an annual basis lombard rate at 6.25% on an annual basis deposit rate at... Read More →
National Bank of Poland interest rates in March 2024
On March 5-6, 2024, a meeting of the Monetary Policy Council took place, during which it was decided to keep the interest rates unchanged. Current National Bank of Poland interest rates: reference rate at 5.75% on an annual basis lombard rate at 6.25% on an annual basis deposit rate at... Read More →
National Bank of Poland interest rates in February 2024
During the meeting on February 6th – 7th the Monetary Policy Council decided to keep the interest rates unchanged. The decision is in line with the economists’ and the market’s expectations. Current NBP (National Bank of Poland) interest rates: reference rate at 5.75% on an annual basis Lombard rate at... Read More →
New Central Statistical Office (GUS) data on foreign trade
New data on exports and imports for the period from January to November 2023 have been published on the website of the Polish Central Statistical Office. From January to September 2023, merchandise turnover in foreign trade reached PLN 1,204.2 billion in exports and PLN 1,160.5 billion in imports in current... Read More →
National Bank of Poland interest rates in January 2024
The first interest rate decision of the year was made on 8-9 January at the Monetary Policy Council meeting. Interest rates have remained at the same level since November 2023. Current NBP (National Bank of Poland) interest rates: reference rate at 5.75% on an annual basis lombard rate at 6.25%... Read More →
The NBP interest rates remain unchanged
During its meeting on November 7-8, 2023, the Monetary Policy Council decided to leave interest rates unchanged. This decision came as a surprise to economists who had anticipated a further cut of 25 basis points, as in October. The President of the National Bank of Poland, Adam Glapiński, emphasized that... Read More →
Core inflation decreases – new data from the National Bank of Poland
Every month, the National Bank of Poland runs an analysis of four core inflation indicators, which is an important instrument for understanding price dynamics in Poland. The main indicator, the Consumer Price Index (CPI), reflects the average price changes within an extensive market basket of products and services purchased by... Read More →
European Court of Justice opinion on foreign currency loans
Following the opinion recently delivered by the European Court of Justice (ECJ), the Polish Banking Supervision Commission KNF has warned of “dramatic consequences for the banking sector” if private consumers would be granted a “free loan”. The long-running dispute over foreign currency loans, especially mortgage loans in Swiss francs, has... Read More →
