The Monetary Policy Council (RPP) lowered the National Bank of Poland’s (NBP) interest rates by 25 basis points in November, setting the reference rate at 4.25 percent. This marked the fourth consecutive rate cut, continuing the easing cycle that began in July of this year.
As a result, interest rates in Poland have fallen by a total of 150 basis points over the past six months. The RPP’s decision was in line with market expectations, which anticipate further monetary easing. Forward contracts on WIBOR currently price in an additional 75 basis points of rate cuts by the end of 2026.
Disclaimer: The information contained in this publication is provided for informational purposes only. It does not constitute financial advice or any other form of professional advice. The information is general in nature and not directed at any specific recipient. Before using this information for any purpose, independent advice should be sought.
