The MPC raises interest rates. The reference rate is 0,50%

At today's meeting, the Monetary Policy Council decided to raise interest rates. The reference interest rate will increase from 0,1% to 0,5%. It was the first change in interest rates in Poland since May last year, when, after a series of cuts, the price of money was brought down to a historically low level of 0,1%. At. Today at 16:00 the MPC communiqué will be released.

Conference of the NBP president tomorrow

Press conference with the participation of the president NBP, By Adam Glapiński, was scheduled for tomorrow at It is this event that will be in the spotlight tomorrow and may give hints as to the further actions of the Polish central bank regarding monetary policy. The next MPC decision meeting is scheduled for November 15. On the same day, interest rates will be decided Federal Reserve.

The currency market reacted to the MPC decision by purchasing the zloty. The PLN exchange rate appreciated against the dollar and the euro by PLN 4 in less than 40 minutes from the publication of the data.

USD / PLN chart, H1 interval. Source: xNUMX XTB.