Monetary Policy

Report on Monetary Policy Implementation

The Report on Monetary Policy Implementation is submitted to the Sejm by the Monetary Policy Council within five months of the end of the fiscal year. The Report discusses performance against inflation targets, the development of targetted monetary aggregates, and monetary policy instruments, and also describes the performance of other monetary policy responsibilities (where provision for such was made in the monetary policy guidelines).

Published in English and Polish by Narodowy Bank Polski.
Tel: +48 22 185 23 35

NBP interest rates

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

Exchange rates

Table of 2016-10-24
1 EUR4.3225
1 USD3.9690
1 CHF3.9933
1 GBP4.8570
100 JPY3.8191

Economic outlook

Monthly data

Quarterly data

Financial markets



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00-919 Warszawa

+48 22 185 10 00
+48 22 185 85 18
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REGON: 000002223
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