On April 8-9, 2026, the Monetary Policy Council held a meeting during which it decided to keep the National Bank of Poland (NBP) interest rates unchanged.
Current National Bank of Poland interest rates:
- reference rate at 3.75% on an annual basis;
- lombard rate at 4.25% on an annual basis;
- deposit rate at 3.25% on an annual basis;
- rediscount rate at 3.80% on an annual basis;
- discount rate on bills of exchange at 3.85% on an annual basis.
In the post-meeting release, the Monetary Policy Council notes:
“In Poland, in February 2026 retail sales and industrial output increased in annual terms, while construction and assembly production markedly declined again. Annual wage growth in the enterprise sector in February 2026 stayed unchanged compared to the previous month. This was accompanied by a further fall in employment in this sector.
According to the Statistics Poland flash estimate, in March 2026 CPI inflation increased to 3.0% (against 2.1% in February), mainly due to strong surge in fuel prices resulting from the conflict in the Middle East.
Against this background, the Council decided to keep the NBP interest rates unchanged. ”
Source:
Press release from the meeting of the Monetary Policy Council
