Poland Reduces Interest Rates to 3.75 Percent
The Monetary Policy Council (MPC) voted to lower the benchmark interest rate by 25 basis points, bringing it down from 4 percent to 3.75 percent, the National Bank of Poland (NBP) announced.
The decision triggered a cascading adjustment across all key policy rates. The lombard rate now stands at 4.25 percent, the deposit rate at 3.25 percent, the rediscount rate at 3.80 percent, and the discount rate at 3.85 percent — all calculated on an annual basis.
Wednesday's cut follows a previous reduction enacted in December 2025, after which the MPC held rates steady through both January and February 2026 before resuming its easing path this month.
The implications for borrowers are significant. The Polish Bank Association (ZBP) underscored the practical impact of the decision, noting it "means the possibility of buying an apartment with one additional room."
Looking ahead, the ZBP indicated that the current easing cycle is drawing closer to its conclusion. Market analysts broadly anticipate one further rate reduction before the year is out — also expected to be in the region of 25 basis points.
The MPC's resolution is set to take effect Thursday, with the Council's next scheduled policy meeting penciled in for April 8–9.
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