Wednesday, the National Bank of Poland cut the key policy rate by 0.25 percentage points to 3.75%. The central bank decision came in line with economists' expectations. In February, the central bank cut interest rate by 25 basis points to 4%.

The Lombard rate was lowered to 5.25%, the deposit rate to 2.25% and the rediscount rate to 4%.

The new rates will be effective from March 26. The monetary policy committee is scheduled to hold a news conference later in the day to explain its decisions.

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