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Investing.com -- Poland’s central bank decreased its interest rates by 0.25 percentage points on Wednesday, contrary to estimates that had expected rates to remain unchanged.
The Narodowy Bank Polski (NBP) set its reference rate at 5.00% annually, down from the previous 5.25%. The decision was made during the Monetary Policy Council’s meeting held on July 1-2, 2025.
Along with the main rate reduction, the central bank also lowered other key rates. The lombard rate was set at 5.50%, the deposit rate at 4.50%, the rediscount rate at 5.05%, and the discount rate on bills of exchange at 5.10% annually.
Prior to the announcement, market estimates had projected that the NBP would maintain its main interest rate at 5.25%.
The new interest rates will take effect on July 3, 2025, according to the resolution of the Monetary Policy Council.
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