The national Bank of Poland stated that it would cut its reference rate by 50 basis points to 1 % , its Lombard rate by 100 basis points to 1.5 % , and its bank rate by 70 basis points to 1.05 % .
The National Bank of Poland announced that it would cut its reference rate by 50 basis points to 1 % , its lombard rate by 100 basis points to 1.5 % , its bank rate by 70 basis points to 1.05 % , and cut its reserve requirement from 3.5 % to 0.5 % .On 18 March , Asia-Pacific and European stock markets closed down , while the NASDAQ Composite and the S & P 500 both fell by 5 % , and the Dow Jones Industrial Average by more than 6 % and below 20,000 points for the first time since February 2017 ( with the trading curb activated for the fourth time within the course of a week ) .
2020 stock market crash