NBP Reference Rate - Poland Polish Central Bank interest rate

This page shows the current and historic values of the Reference Rate as set by the Polish Central Bank (Narodowy Bank Polski, NBP). The Reference Rate is often regarded as the most important interest rate of the NBP.

The current interest rates of more central banks

Current NBP reference rate
5.75 %
6.00 %
6.75 %
6.50 %
6.00 %
5.25 %
4.50 %
3.50 %
2.75 %
2.25 %

Chart NBP reference rate

Historical interest rates

Our content is based on reliable sources. However, we do not accept liability for any errors. The content of this website is for informational purposes only and is not intended as financial advice. Decisions you make based on the information we display are always at your own expense and risk.

Narodowy Bank Polski (NBP)

The central bank of Poland is the NBP, also known as the Narodowy Bank Polski or National Bank of Poland. The main objective of the NBP is to maintain price stability, or a moderate inflation, in the republic of Poland.

Current and historical Polish inflation rates

Other tasks of the Polish central bank are:

  • the NBP is an issuing bank. The bank has the exclusive right to issue money;
  • the NBP acts as a bank for commercial banks: the bank is responsible for the stability and safety of the Polish banking system;
  • the NBP is a central bank for the government, it offers banking services to the Polish government.

NBP reference rate

When reference is made to the Polish interest rate this often refers to the NBP Reference Rate. The NBP Reference Rate is a base rate. The central bank is determining the inflation level objective and uses the NBP Reference Rate as a tool to achieve this objective.

Increasing or decreasing the reference rate the central bank of Poland is trying to influence the short term interest rates in the money market. This has a direct effect on the interest rates of products like a mortgage, loan / credit or savings account. By changing the Reference Rate, the Polish central bank can also influence the exchange rate of the Polish currency, the Polish zloty.