Narodowy Bank Polski

Latest news

Schedule of open market operations to be conducted by Narodowy Bank Polski in January 2021

Date: 31-12-2020

Bearing in mind the objectives set out by the Monetary Policy Council, in January 2021 Narodowy Bank Polski is planning to carry out the following types of open market operations:

  1. Main operations in the form of issuance of 7-day NBP bills, settled at T+0, will be carried out on: 8, 15, 22 and 29 January 2021.
  2. 2. A structural operation, involving the purchase of debt securities, will be carried out on 20 January 2021 and settled on 22 January 2021 (i.e. at T+2).

    At the tender NBP will accept offers at prices quoted by the tender participants. NBP reserves the right to reject some or all the offers submitted by the banks.
  3. 3. Liquidity providing fine-tuning repo operations will be carried out if NBP considers that conditions in the interbank market require the use of this monetary policy instrument. The maturity of this instrument will be adjusted to the prevailing market conditions.

    The list of collateral for fine-tuning repo operations is available on the NBP website in the section on Lombard facility & repo:

Fine-tuning and structural operations will be carried out with the banks that have access to main open market operations.

In justified cases resulting from the assessment of the current market situation, NBP may amend the above schedule.

By the end of January 2021, NBP will publish the schedule of open market operations to be carried out in February 2021.

NBP interest rates

Reference rate 0.10
Lombard rate 0.50
Deposit rate 0.00
Rediscount rate 0.11
Discount rate 0.12

Exchange rates

Table of 2021-06-22
1 EUR4.5366
1 USD3.8132
1 CHF4.1451
1 GBP5.2883
100 JPY3.4513

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
This site uses cookies to ensure its more efficient operation.
To find out more about the cookie technology, please click here: NBP Privacy Policy »
In order to browse through the content, it is necessary to accept cookies from this site Accept