Foreign Exchange Reserves Management

The strategy defines the vision, mission, corporate values, environment, objectives and strategic measures to be taken by the NBP in the years 2007-2012 in the area of foreign exchange reserves management. The strategy encompasses a five-year period. Starting from the first quarter of 2009, at the beginning of each year a report will be prepared on the progress in the implementation of the strategy and a strategy update, based on the rolling window method, will be prepared for the period of five years in advance. In addition, at the beginning of 2011 a comprehensive evaluation of the effectiveness of the undertaken measures will be conducted taking into account the accumulated values of strategy efficiency measures, the evaluation of long-term trends in financial markets and changes in foreign exchange reserves management in central banks in the years 2008-2010.

NBP interest rates

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

Exchange rates

Table of 2018-05-23
1 EUR4.3037
1 USD3.6693
1 CHF3.7007
1 GBP4.9034
100 JPY3.3397

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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