National Bank of Poland interest rates in April 2024

5 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 5.25% on an annual basis
rediscount rate at 5.80% on an annual basis
discount rate at 5.85% on an annual basis

In the post-meeting release, the Monetary Policy Council emphasizes:
“In subsequent quarters, inflation developments are, however, associated with substantial uncertainty, related in particular to the impact of fiscal and regulatory policies on price developments, as well as the pace of economic recovery in Poland and labour market conditions. Should energy prices be raised, inflation might increase significantly in the second half of 2024. Alongside that, over the medium term, demand pressure in the economy will be stimulated by wage growth, stemming i.a. from wage increases in the public sector.”

If you have any further questions or require additional information, please contact your business relationship person or use the enquiry form on the HLB Poland website.

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