Poland's Monetary Council leaves all interest rates unchanged

Poland's reference interest rate will remain at 0.10 percent, the country's Monetary Policy Council (RPP) said in a statement after a meeting on Wednesday.

This also means that the National Bank of Poland's lombard rate will remain at 0.50 percent, the deposit rate at 0.00 percent, and the rediscount rate at 0.11 percent.

At its meetings, held between March 17 and May 28, 2020, the Monetary Policy Council cut the reference rate three times by a total of 140 bps to the present 0.10 percent.

Twelve out of twenty analytical centres polled by PAP Biznes before the September meeting of the Council forecasted that the RPP would raise the interest rate in the first quarter of 2022. Eight expect a hike by the end of 2021.