Polish Central Bank Cuts Rate by 50 BPS

On 3-4 March 2015 the Monetary Policy Council held a meeting.

The Monetary Policy Council decided to lower the NBP interest rates by 0.50 percentage points:

reference rate to 1.50% on an annual basis;
lombard rate to 2.50% on an annual basis;
deposit rate to 0.50% on an annual basis;
rediscount rate to 1.75% on an annual basis;
The resolution of the MPC comes into force as of 5 March 2015.

The MPC will hold a press conference at 4:00 p.m. today to explain its decisions.

via NBP