Monetary Policy Council cuts Polish interest rates by 25 basis points

The Monetary Policy Council (RPP), the Polish central bank's rate-setting body, has lowered the reference interest rate by 25 basis points (bps) to 4.25 percent, in accordance with market expectations.

Money. Photo/Adobe Stock/ Paweł Kacperek
Money. Photo/Adobe Stock/ Paweł Kacperek

The National Bank of Poland's (NBP) deposit rate was lowered to 3.75 percent, the Lombard rate was brought down to 4.75 percent, the rediscount rate was reduced to 4.30 percent, and the discount rate was cut to 4.35 percent, the RPP announced at the conclusion of its two-day meeting on Wednesday.

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Photo: PAP/Darek Delmanowicz
Photo: PAP/Darek Delmanowicz

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The RPP resumed the current easing cycle in May, cutting the reference rate by 50 bps to 5.25 percent. This was followed by four subsequent 25 bps cuts in July, September, October and the most recent one in November. (PAP)

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