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 Narodowy Bank Polski.
Tel: +48 22 185 28 88, +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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+48 22 185 85 18
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