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Poland Interest Rate

Poland's interest rate decreased to 4.5% in October 2025. This is the lowest rate since April 2022, down from 4.75% in September 2025. The decision followed an improved inflation outlook, slower wage growth and the extension of the electricity price freeze through the fourth quarter of 2025. Poland's stable inflation rate of 2.9% in September 2025 supported the rate cut. Poland's record low interest rate was 0.1% in May 2020 and record high was 24% in February 1998.

Historical Data (1998-2025)

(in %)
Month Interest Rate
Oct 2025 4.5%
Sep 2025 4.75%
Aug 2025 5%
Jul 2025 5%
Jun 2025 5.25%
May 2025 5.25%
Apr 2025 5.75%
Mar 2025 5.75%
Feb 2025 5.75%
Jan 2025 5.75%
Dec 2024 5.75%
Nov 2024 5.75%
Oct 2024 5.75%
Sep 2024 5.75%
Jul 2024 5.75%
Jun 2024 5.75%
May 2024 5.75%
Apr 2024 5.75%
Mar 2024 5.75%
Feb 2024 5.75%
Jan 2024 5.75%
Dec 2023 5.75%
Nov 2023 5.75%
Oct 2023 5.75%
Sep 2023 6%
Aug 2023 6.75%
Jul 2023 6.75%
Jun 2023 6.75%
May 2023 6.75%
Apr 2023 6.75%
Mar 2023 6.75%
Feb 2023 6.75%
Jan 2023 6.75%
Dec 2022 6.75%
Nov 2022 6.75%
Oct 2022 6.75%
Sep 2022 6.75%
Aug 2022 6.5%
Jul 2022 6.5%
Jun 2022 6%
May 2022 5.25%
Apr 2022 4.5%
Mar 2022 3.5%
Feb 2022 2.75%
Jan 2022 2.25%
Dec 2021 1.75%
Nov 2021 1.25%
Oct 2021 0.5%
Sep 2021 0.1%
Aug 2021 0.1%
Jul 2021 0.1%
Jun 2021 0.1%
May 2021 0.1%
Apr 2021 0.1%
Mar 2021 0.1%
Feb 2021 0.1%
Jan 2021 0.1%
Dec 2020 0.1%
Nov 2020 0.1%
Oct 2020 0.1%
Sep 2020 0.1%
Aug 2020 0.1%
Jul 2020 0.1%
Jun 2020 0.1%
May 2020 0.1%
Apr 2020 0.5%
Mar 2020 1%
Feb 2020 1.5%
Jan 2020 1.5%
Dec 2019 1.5%
Nov 2019 1.5%
Oct 2019 1.5%
Sep 2019 1.5%
Aug 2019 1.5%
Jul 2019 1.5%
Jun 2019 1.5%
May 2019 1.5%
Apr 2019 1.5%
Mar 2019 1.5%
Feb 2019 1.5%
Jan 2019 1.5%
Dec 2018 1.5%
Nov 2018 1.5%
Oct 2018 1.5%
Sep 2018 1.5%
Aug 2018 1.5%
Jul 2018 1.5%
Jun 2018 1.5%
May 2018 1.5%
Apr 2018 1.5%
Mar 2018 1.5%
Feb 2018 1.5%
Jan 2018 1.5%
Dec 2017 1.5%
Nov 2017 1.5%
Oct 2017 1.5%
Sep 2017 1.5%
Aug 2017 1.5%
Jul 2017 1.5%
Jun 2017 1.5%
May 2017 1.5%
Apr 2017 1.5%
Mar 2017 1.5%
Feb 2017 1.5%
Jan 2017 1.5%
Dec 2016 1.5%
Nov 2016 1.5%
Oct 2016 1.5%
Sep 2016 1.5%
Aug 2016 1.5%
Jul 2016 1.5%
Jun 2016 1.5%
May 2016 1.5%
Apr 2016 1.5%
Mar 2016 1.5%
Feb 2016 1.5%
Jan 2016 1.5%
Dec 2015 1.5%
Nov 2015 1.5%
Oct 2015 1.5%
Mar 2015 1.5%
Oct 2014 2%
Jul 2013 2.5%
Jun 2013 2.75%
May 2013 3%
Mar 2013 3.25%
Feb 2013 3.75%
Jan 2013 4%
Nov 2012 4.5%
May 2012 4.75%
Jun 2011 4.5%
May 2011 4.25%
Apr 2011 4%
Jan 2011 3.75%
Jun 2009 3.5%
Mar 2009 3.75%
Feb 2009 4%
Jan 2009 4.25%
Dec 2008 5%
Nov 2008 5.75%
Jun 2008 6%
Mar 2008 5.75%
Feb 2008 5.5%
Jan 2008 5.25%
Nov 2007 5%
Aug 2007 4.75%
Jun 2007 4.5%
Apr 2007 4.25%
Mar 2006 4%
Feb 2006 4.25%
Sep 2005 4.5%
Jul 2005 4.75%
Jun 2005 5%
Apr 2005 5.5%
Mar 2005 6%
Aug 2004 6.5%
Jul 2004 6%
Jun 2003 5.25%
May 2003 5.5%
Apr 2003 5.75%
Mar 2003 6%
Feb 2003 6.25%
Jan 2003 6.5%
Nov 2002 6.75%
Oct 2002 7%
Sep 2002 7.5%
Aug 2002 8%
Jun 2002 8.5%
May 2002 9%
Apr 2002 9.5%
Jan 2002 10%
Nov 2001 11.5%
Oct 2001 13%
Aug 2001 14.5%
Jun 2001 15.5%
Mar 2001 17%
Aug 2000 19%
Feb 2000 17.5%
Nov 1999 16.5%
Sep 1999 14%
Jan 1999 13%
Dec 1998 15.5%
Oct 1998 17%
Sep 1998 18%
Jul 1998 19%
May 1998 21.5%
Apr 1998 23%
Feb 1998 24%

Recent Events

datetime event actual previous consensus
2025-10-08 09:10 AM Interest Rate Decision (Oct) 4.5% 4.75% 4.75%
2025-09-03 09:00 AM Interest Rate Decision (Sep) 4.75% 5% 4.75%

Next Release Date :

Poland Interest Rate : Definition
The Interest Rate set by the National Bank of Poland is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 0.3% 1.6% Dec'24
Debt to GDP Ratio 55.1% 49.5% Dec'24
Private Credit (% GDP) 33.7% 34.71% 2024