Narodowy Bank Polski

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.

Download:

1. Monetary Policy Guidelines for 2019 (pdf, 429 kB)


2. Monetary Policy Guidelines for 2018 (pdf, 464 kB)


3. Monetary Policy Guidelines for 2017 (pdf, 588 kB)


4. Monetary Policy Guidelines for 2016 (pdf, 525 kB)


5. Monetary Policy Guidelines for 2015 (pdf, 511 kB)


6. Monetary Policy Guidelines for 2014 (pdf, 3.8 MB)


7. Monetary Policy Guidelines for 2013 (pdf, 378 KB)


8. Monetary Policy Guidelines for 2012 (pdf, 234 KB)


9. Monetary Policy Guidelines for 2011 (pdf, 148 KB)


10. Monetary Policy Guidelines for 2010 (pdf, 88 KB)


11. Monetary Policy Guidelines for 2009 (pdf, 106 KB)


12. Monetary Policy Guidelines for the Year 2008 (pdf, 90 KB)


13. Monetary Policy Guidelines for the Year 2007 (pdf, 97 KB)


14. Monetary Policy Guidelines for the Year 2006 (pdf, 48 KB)


15. Monetary Policy Guidelines for the Year 2005 (pdf, 204 KB)


16. Monetary Policy Guidelines for the Year 2004 (pdf, 294 KB)


17. Monetary Policy Guidelines for the Year 2003 (pdf, 173 KB)


18. Monetary Policy Guidelines for the Year 2002 (pdf, 41 KB)


19. Monetary Policy Guidelines for the Year 2001 (pdf, 87 KB)


20. Monetary Policy Guidelines for the Year 2000 (pdf, 26 KB)

Published in Polish and English by Narodowy Bank Polski.
Tel: +48 22 185 28 88