Press release from the meeting of the Monetary Policy Council held on 4-5 November 2025 | Narodowy Bank Polski - Internetowy Serwis Informacyjny
Central bank: nbp | Type: decision | Date: 2025-11-05

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Press release from the meeting of the Monetary Policy Council held on 4-5 November 2025
Press release from the meeting of the Monetary Policy Council held on 4-5 November 2025
Date of publication:
5 November 2025
On 4-5 November 2025 the Monetary Policy Council held a decision-making meeting.
The Council decided to decrease the NBP interest rates by 0.25 percentage points. The Council set the NBP interest rates at the following levels:
reference rate at 4.25% on an annual basis;
lombard rate at 4.75% on an annual basis;
deposit rate at 3.75% on an annual basis;
rediscount rate at 4.30% on an annual basis;
discount rate on bills of exchange at 4.35% on an annual basis.
The resolution of the Monetary Policy Council will enter into force on 6 November 2025.
The press release from the meeting of the Monetary Policy Council held on 4-5 November 2025 will be published today at 16:00 on the NBP website ().
Information from the meeting of the Monetary Policy Council held on 4-5 November 2025