The National Bank of Poland held its benchmark reference rate at a record low of 1.5 percent on March 6th 2019, as expected. Policymakers kept monetary policy stance after a slowdown in inflation rate. Annual inflation rate fell to 0.9 percent in January of 2019 from 1.1 percent in December, the lowest level since December of 2016. Also, the lombard rate and the deposit rate were kept unchanged at 2.5 percent and 0.5 percent, respectively, and the rediscount rate was left at 1.75 percent. Interest Rate in Poland averaged 6.83 percent from 1998 until 2019, reaching an all time high of 24 percent in March of 1998 and a record low of 1.50 percent in March of 2015.
Interest Rate in Poland is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Poland to stand at 2.00 in 12 months time. In the long-term, the Poland Interest Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.