PL: table of reference rates of the Central Bank of Poland
Reference rates of National Bank of Poland are adjusted each month by Monetary Policy Council (polish: RPP). Both actual and historical data are presented.

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Poland: NBP reference rates#

PeriodReference rate of National Bank of Poland [%]
from 1998-02-2624
from 1998-04-2323
from 1998-05-2121.5
from 1998-07-1719
from 1998-09-1018
from 1998-10-2917
from 1998-12-1015.5
from 1999-01-2113
from 1999-09-2314
from 1999-11-1816.5
from 2000-02-2417.5
from 2000-08-3119
from 2001-03-0118
from 2001-03-2917
from 2001-06-2815.5
from 2001-08-2314.5
from 2001-10-2613
from 2001-11-2911.5
from 2001-12-0111.5
from 2002-01-3110
from 2002-04-269.5
from 2002-05-309
from 2002-06-278.5
from 2002-08-298
from 2002-09-267.5
from 2002-10-247
from 2002-11-286.75
from 2003-01-306.5
from 2003-02-276.25
from 2003-03-276
from 2003-04-255.75
from 2003-05-295.5
from 2003-06-265.25
from 2004-07-015.75
from 2004-07-296
from 2004-08-266.5
from 2005-03-316
from 2005-04-285.5
from 2005-06-305
from 2005-07-284.75
from 2005-09-014.5
from 2006-02-014.25
from 2006-03-014
from 2007-04-264.25
from 2007-06-284.5
from 2007-08-304.75
from 2007-11-295
from 2008-01-315.25
from 2008-02-285.5
from 2008-03-275.75
from 2008-06-266
from 2008-11-275.75
from 2008-12-245
from 2009-01-284.25
from 2009-02-264
from 2009-03-263.75
from 2009-06-253.5
from 2010-01-013.5
from 2011-01-203.75
from 2011-04-064
from 2011-05-124.25
from 2011-06-094.5
from 2012-05-104.75
from 2012-11-084.5
from 2012-12-064.25
from 2013-01-104
from 2013-02-073.75
from 2013-03-073.25
from 2013-05-093
from 2013-06-062.75
from 2013-07-042.5
from 2014-10-092
from 2015-03-051.5
from 2020-03-181
from 2020-04-090.5
from 2020-05-290.1
from 2021-10-070.5
from 2021-11-041.25
from 2021-12-091.75
from 2022-01-042.25
from 2022-02-092.75
from 2022-03-093.5
from 2022-04-074.5
from 2022-05-065.25
from 2022-06-096

Some facts#

  • The National Bank of Poland (NBP) can regulate the economy by adjusting values of interest rates. This way the monetary policy of central bank is fulfilled. The central bank can use interest rates to regulate amount of money in the market.
  • Central bank can decrease interest rates in order to stimulate the economy by an incentive to invest (loans become cheaper). On the other hand it can also increase the rates in order to stop inflation by incentive to save (deposits become more attractive).
  • Interest rates affect indirectly the exchange rate of polish zloty (PLN), interest rates of bank deposits and interest rates of loans.
  • Interest rates are adjusted every month at the Monetary Policy Council (polish: RPP) meeting.
  • The NBP reference rate defines the 7-day money market bills issued by the National Bank of Poland, which are then purchased by commercial banks in the open market.
  • The reference rate directly affects the minimum lending rates. This is because the interest rate on the loan consists of the reference rate and the bank's margin.
  • If the need arises, the central bank can stimulate the economy by lowering the reference rate. Then the interest rates on loans are lower, and therefore the entrepreneurs are more inclined to invest and consumers to buy goods financed by credit.
  • Lowering the reference rate causes increasing the amount of money in the market as it makes people prefer to invest instead of saving.
  • According to the current regulations (as at 2017.10.17) the nominal interest rate on the loan in Poland can not exceed twice the NBP reference rate increased by 3.5%, i.e. at the date of writing (2017.10.07) 10%. You can read more about the maximum loan cost in Poland by checking out our other calculator: Loan.
  • If you're interested in other bank rates (reference, lombard, deposit etc.) checkout our other table containing all basic interest rates of National Bank of Poland just in one place.

Data up-to-date#

We periodically review interest rates so that our data is always up-to-date.
Last data update was on 2022-06-30.
If you want to be 100% sure after this date - check if the rates have not changed for example on the National Bank of Poland site.

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