Poland

Roughly neutral

Policy rate

3.75%

Last move Mar 2026

Inflation

3.81%

As of null

Real policy rate

-0.06%

Policy rate less inflation

Debt to GDP

65.70%

2026 est.

Inflation target2.5%

Policy rate vs target—

Last move-25 bps cut

Months at current rate—

Real GDP growth3.30%

Next scheduled decisionOct 7, 2026

Policy rate path, latest five years.

The verdict

Poland sets its policy rate at 3.75%, against inflation of 3.81% — a real rate of -0.06%, with the policy rate sitting below the inflation rate. The most recent decision was a 25bp cut in Mar 2026. The bank targets 2.5% inflation, and prices are running above that at 3.81%. On the fiscal side, the economy carries government debt of 65.7% of GDP (2026 est.) and real GDP growth of 3.3%.

Sources: policy rate and cycle history — BIS central bank policy rates (WS_CBPOL); inflation — national statistical agencies; debt and growth — IMF World Economic Outlook. Methodology: https://www.globalfinancialinfo.info/methodology/policy-rates · Dataset: https://www.globalfinancialinfo.info/global-economy · Free to print and share for non-commercial classroom use (CC BY-NC-ND 4.0).

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