Central Bank RatesPoland: central bank policy rate
Last updated:
Last 2 years (daily values)
Policy rate since 2000 (month-end values)
All changes since 2000
| Date | From | To | Change |
|---|---|---|---|
| Mar 5, 2026 | 4.00% | 3.75% | cut -25 bp |
| Dec 4, 2025 | 4.25% | 4.00% | cut -25 bp |
| Nov 6, 2025 | 4.50% | 4.25% | cut -25 bp |
| Oct 9, 2025 | 4.75% | 4.50% | cut -25 bp |
| Sep 4, 2025 | 5.00% | 4.75% | cut -25 bp |
| Jul 3, 2025 | 5.25% | 5.00% | cut -25 bp |
| May 8, 2025 | 5.75% | 5.25% | cut -50 bp |
| Oct 5, 2023 | 6.00% | 5.75% | cut -25 bp |
| Sep 7, 2023 | 6.75% | 6.00% | cut -75 bp |
| Sep 8, 2022 | 6.50% | 6.75% | hike +25 bp |
| Jul 8, 2022 | 6.00% | 6.50% | hike +50 bp |
| Jun 9, 2022 | 5.25% | 6.00% | hike +75 bp |
| May 6, 2022 | 4.50% | 5.25% | hike +75 bp |
| Apr 7, 2022 | 3.50% | 4.50% | hike +100 bp |
| Mar 9, 2022 | 2.75% | 3.50% | hike +75 bp |
| Feb 9, 2022 | 2.25% | 2.75% | hike +50 bp |
| Jan 5, 2022 | 1.75% | 2.25% | hike +50 bp |
| Dec 9, 2021 | 1.25% | 1.75% | hike +50 bp |
| Nov 4, 2021 | 0.50% | 1.25% | hike +75 bp |
| Oct 7, 2021 | 0.10% | 0.50% | hike +40 bp |
| May 29, 2020 | 0.50% | 0.10% | cut -40 bp |
| Apr 9, 2020 | 1.00% | 0.50% | cut -50 bp |
| Mar 18, 2020 | 1.50% | 1.00% | cut -50 bp |
| Mar 5, 2015 | 2.00% | 1.50% | cut -50 bp |
| Oct 9, 2014 | 2.50% | 2.00% | cut -50 bp |
| Jul 4, 2013 | 2.75% | 2.50% | cut -25 bp |
| Jun 6, 2013 | 3.00% | 2.75% | cut -25 bp |
| May 9, 2013 | 3.25% | 3.00% | cut -25 bp |
| Mar 7, 2013 | 3.75% | 3.25% | cut -50 bp |
| Feb 7, 2013 | 4.00% | 3.75% | cut -25 bp |
| Jan 10, 2013 | 4.25% | 4.00% | cut -25 bp |
| Dec 6, 2012 | 4.50% | 4.25% | cut -25 bp |
| Nov 8, 2012 | 4.75% | 4.50% | cut -25 bp |
| May 10, 2012 | 4.50% | 4.75% | hike +25 bp |
| Jun 9, 2011 | 4.25% | 4.50% | hike +25 bp |
| May 12, 2011 | 4.00% | 4.25% | hike +25 bp |
| Apr 6, 2011 | 3.75% | 4.00% | hike +25 bp |
| Jan 20, 2011 | 3.50% | 3.75% | hike +25 bp |
| Jun 25, 2009 | 3.75% | 3.50% | cut -25 bp |
| Mar 26, 2009 | 4.00% | 3.75% | cut -25 bp |
| Feb 26, 2009 | 4.25% | 4.00% | cut -25 bp |
| Jan 28, 2009 | 5.00% | 4.25% | cut -75 bp |
| Dec 24, 2008 | 5.75% | 5.00% | cut -75 bp |
| Nov 27, 2008 | 6.00% | 5.75% | cut -25 bp |
| Jun 26, 2008 | 5.75% | 6.00% | hike +25 bp |
| Mar 27, 2008 | 5.50% | 5.75% | hike +25 bp |
| Feb 28, 2008 | 5.25% | 5.50% | hike +25 bp |
| Jan 31, 2008 | 5.00% | 5.25% | hike +25 bp |
| Nov 29, 2007 | 4.75% | 5.00% | hike +25 bp |
| Aug 30, 2007 | 4.50% | 4.75% | hike +25 bp |
| Jun 28, 2007 | 4.25% | 4.50% | hike +25 bp |
| Apr 26, 2007 | 4.00% | 4.25% | hike +25 bp |
| Mar 1, 2006 | 4.25% | 4.00% | cut -25 bp |
| Feb 1, 2006 | 4.50% | 4.25% | cut -25 bp |
| Sep 1, 2005 | 4.75% | 4.50% | cut -25 bp |
| Jul 28, 2005 | 5.00% | 4.75% | cut -25 bp |
| Jun 30, 2005 | 5.50% | 5.00% | cut -50 bp |
| Apr 28, 2005 | 6.00% | 5.50% | cut -50 bp |
| Mar 31, 2005 | 6.50% | 6.00% | cut -50 bp |
| Aug 26, 2004 | 6.00% | 6.50% | hike +50 bp |
| Jul 29, 2004 | 5.75% | 6.00% | hike +25 bp |
| Jul 1, 2004 | 5.25% | 5.75% | hike +50 bp |
| Jun 26, 2003 | 5.50% | 5.25% | cut -25 bp |
| May 29, 2003 | 5.75% | 5.50% | cut -25 bp |
| Apr 25, 2003 | 6.00% | 5.75% | cut -25 bp |
| Mar 27, 2003 | 6.25% | 6.00% | cut -25 bp |
| Feb 27, 2003 | 6.50% | 6.25% | cut -25 bp |
| Jan 30, 2003 | 6.75% | 6.50% | cut -25 bp |
| Nov 28, 2002 | 7.00% | 6.75% | cut -25 bp |
| Oct 24, 2002 | 7.50% | 7.00% | cut -50 bp |
| Sep 26, 2002 | 8.00% | 7.50% | cut -50 bp |
| Aug 29, 2002 | 8.50% | 8.00% | cut -50 bp |
| Jun 27, 2002 | 9.00% | 8.50% | cut -50 bp |
| May 31, 2002 | 9.50% | 9.00% | cut -50 bp |
| Apr 26, 2002 | 10.00% | 9.50% | cut -50 bp |
| Jan 31, 2002 | 11.50% | 10.00% | cut -150 bp |
| Nov 29, 2001 | 13.00% | 11.50% | cut -150 bp |
| Oct 26, 2001 | 14.50% | 13.00% | cut -150 bp |
| Aug 23, 2001 | 15.50% | 14.50% | cut -100 bp |
| Jun 28, 2001 | 17.00% | 15.50% | cut -150 bp |
| Mar 29, 2001 | 18.00% | 17.00% | cut -100 bp |
| Mar 1, 2001 | 19.00% | 18.00% | cut -100 bp |
| Aug 31, 2000 | 17.50% | 19.00% | hike +150 bp |
| Feb 24, 2000 | 16.50% | 17.50% | hike +100 bp |
Which rate is shown (BIS notes, in English)
From 26 Feb 1998 onwards: official 7 day central bank bill yield; from 1 Jan 1993 to 25 Feb 1998: Lombard rate.
This rate can be considered the official policy rate as from 26 Feb 1998 onwards. Prior to that, monetary policy was based on money supply control, not on targeting the interest rate. The Lombard rate was the reference rate for the interbank market, but the open market operations yield resulted from tenders. From 26 Feb 1998 onwards: 7 day central bank bill yield; 1 Jan 1993 until 25 Feb 1998: Lombard rate.
Changes by year
Method
We download the BIS daily policy-rate series (WS_CBPOL). A change is recorded on the first day the published value differs from the previous day's value. Series that ended (for example euro area members before joining the euro) are not listed. bp = basis points (0.01 percentage point).
About this page
The policy rate of Poland is 3.75% (BIS data as of Oct 6, 2026).