Narodowy Bank Polski

About the NBP: Structure

Economic Institute

Director General: Andrzej Sławiński

The primary task of the Economic Institute is to carry out analyses and research aimed at performing the NBP tasks related to the monetary policy and preparation of materials for the Monetary Policy Council.

The Institute is composed of the following bureaus:
  • Research Bureau
  • Bureau of Applied Research
  • Bureau of Monetary Policy Strategy
  • Bureau of Macroeconomic Forecast
  • Bureau of Inflation Analysis
  • Bureau of Public Finance, Institutions and Regulations
  • Bureau of Corporates, Households and Markets
  • Bureau for Competitiveness
The basic tasks of the Institute include:
  • Conducting economic research on monetary transmission mechanisms, cyclicality of economic processes, factors and mechanisms of economic growth and other studies in line with NBP research priorities
  • Conducting studies on quantitative methods used in central banks, methodology for forecasting and bases for new tools used in modelling monetary policy
  • Developing, updating and maintaining macroeconomic models and other analytical tools supporting the performance of NBP tasks related to monetary policy and economic growth
  • Carrying out works connected with drafting monetary policy
  • Preparing macroeconomic projections
  • Analysing processes influencing price determination, price changes and inflation
  • Analysing the impact of the situation in the sector of public finance on the monetary policy
  • Analysing external environment of the economy and international economic situation
  • Preparing forecasts of macroeconomic indicators and analytical materials for the needs of managing official reserves
  • Analysing the economic situation of corporates, households and markets, in particular based on the Institute's own surveys
  • Analysing the impact of economic institutions on the performance and development of the economy
  • Developing drafts of the guidelines for the monetary policy and monetary policy performance reports
  • Preparing, in cooperation with other departments, Inflation Reports, monthly information on inflation and economic situation and other materials for the NBP Management Board and the Monetary Policy Council

NBP interest rates

Reference rate 1.50
Lombard rate 2.50
Deposit rate 0.50
Rediscount rate 1.75

Exchange rates

Table of 2019-11-19
1 EUR4.2928
1 USD3.8786
1 CHF3.9113
1 GBP5.0238
100 JPY3.5654

Economic outlook

Monthly data

Quarterly data

Financial markets



Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa

+48 22 185 10 00
NIP: 525-000-81-98
REGON: 000002223
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