Millions of Poles were waiting for this decision. It’s about interest rates
The most expected decision of July has just been made. The MPC after a two -day meeting decided to reduce the NBP interest rates by 0.25 percentage points.
Millions of Poles were waiting for the decision. From 1 to 2 July 2025 a meeting of the Monetary Policy Council (MPP) was held.
Its effect is the decision to which the market surprised. The MPC decided to reduce NBP interest rates by 25 base points. This means that the main reference rate is 5.00 percent. on an annual basis.
This is important information for borrowers who can count on lower installments, but also for the entire economy, because it affects the cost of financing and investment decisions of companies.
What is the current amount of NBP interest rates?
After a two -day meeting, the Council decided to lower the NBP interest rates:
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reference rate – 5.00 percent on an annual basis,
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Lombard rate – 5.50 percent on an annual basis,
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deposit rate – 4.50 percent on an annual basis,
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Bill of exchange rates – 5.05 percent on an annual basis,
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Discount rate of bills of exchange – 5.10 percent on an annual basis.
The resolution of the Monetary Policy Council enters into force on July 3, 2025.
Previous MPP decision – interest rates in June
It is worth recalling that at the previous meeting, which took place on June 3-4, 2025, the Monetary Policy Council decided to maintain interest rates at an unchanged level. The main reference rate was still 5.25 percent. on an annual basis.
The amount of interest rates after the June decision:
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reference rate – 5.25 percent on an annual basis,
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Lombard rate – 5.75 percent on an annual basis,
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deposit rate – 4.75 percent on an annual basis,
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Bill of exchange rates – 5.30 percent on an annual basis,
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Discount rate of bills of exchange – 5.35 percent on an annual basis.
In the justification of the MPC, she emphasized that the level of interest rates at that time is conducive to the implementation of the inflation target in the medium period. The Council also announced that subsequent decisions would depend on the inflation, economic activity and the situation on the labor market.
