Narodowy Bank Polski

Monetary Policy

Monetary Policy Guidelines



This publication presents the monetary policy guidelines approved annually by the Monetary Policy Council and subsequently submitted to the Sejm for its information, this being done concurrently with the submission by the Council of Ministers of the draft Budget.

The document contains a characterisation of the external and internal factors conditioning monetary policy, policy targets, and the instruments for achieving them.

Published in Polish and English by the National Bank of Poland.
Tel: (48 22) 653 28 88, 653 23 35

NBP interest rates

Reference rate2.50
Lombard rate4.00
Deposit rate1.00
Rediscount rate2.75

Exchange rates

Table of 2014-04-18
1 EUR4.1820
1 USD3.0265
1 CHF3.4293
1 GBP5.0789
100 JPY2.9549

Monthly data

Quarterly data

Financial markets

Numismatics