On February 4-5, 2025, 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 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 notes:
“In Poland, according to Statistics Poland preliminary estimate, GDP grew by 2.9% in 2024, which implies that annual economic activity growth probably accelerated in 2024 Q4. In the labour market unemployment remains low and the number of working persons continues to be high, although employment in the enterprise sector in December 2024 was lower than a year earlier. At the same time, the wage growth is still running at the high level.”
