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National Bank of Poland

PLN · Official Website

Latest Statement

🕊️ Dovish

Press release from the meeting of the Monetary Policy Council held on 2-3 December 2025

2025-12-03

The Monetary Policy Council of the National Bank of Poland has decided to lower interest rates by 0.25 percentage points, setting the reference rate at 4.00%. This decision aims to support economic growth amid current economic conditions.

Interest rates were reduced by 0.25 percentage points.
The new reference rate is set at 4.00%, with the lombard rate at 4.50% and the deposit rate at 3.50%.
The changes will take effect on 4 December 2025.
This move reflects a dovish stance aimed at stimulating the economy.

⚡ Rate

↑0 ↓1 →0

📝 Classified Sentences

⚡ Rate Cutmp_interest_rate

"The Council decided to decrease the NBP interest rates by 0.25 percentage points."

Economic Indicators

Policy Rate	3.75%
USD/PLN	3.7184
GDP Growth	3.0%
M2 Growth	8.9%
10Y Yield	5.51%
2y10y Spread	+0.26%

HISTORICAL TRENDS

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FX Rate

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Recent Statements

NBP MPC Press Release - 2025-12-01 🕊️ Dovish

2025-12-01

⚡ Rate

↑0 ↓1 →0

📝 Classified Sentences

⚡ Rate Cutmp_interest_rate

"The Council decided to cut the NBP reference rate by 0.25 percentage points, i.e. to 4.00%."

Press release from the meeting of the Monetary Policy Council held on 4-5 November 2025 🕊️ Dovish

2025-11-05

⚡ Rate

↑0 ↓1 →0

📝 Classified Sentences

⚡ Rate Cutmp_interest_rate

"The Council decided to decrease the NBP interest rates by 0.25 percentage points."

NBP MPC Press Release - November 1, 2025 🕊️ Dovish

2025-11-01

⚡ Rate

↑0 ↓1 →0

📝 Classified Sentences

⚡ Rate Cutmp_interest_rate

"The Council decided to cut the NBP reference rate by 0.25 percentage points, i.e. to 4.25%."

NBP MPC Press Release - 2025-10-01 🕊️ Dovish

2025-10-01

⚡ Rate

↑0 ↓1 →0

📝 Classified Sentences

⚡ Rate Cutmp_interest_rate

"The Council decided to cut the NBP reference rate by 0.25 percentage points, i.e. to 4.50%."

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