RTTNews - Wednesday, Poland's central bank lowered its key policy rates by 25 basis points, in line with economists' expectations.

The National Bank of Poland reduced its key interest rate, which is the reference rate, by 0.25 percentage points to 3.50%. The central bank had retained the interest rate at 3.75% for the last two months.

The central bank also slashed the Lombard rate to 5%, the deposit rate to 2% and the rediscount rate to 3.75% on an annual basis.

The new rates will be effective from June 25. The monetary policy committee is scheduled to hold a news conference later in the day to explain its decision.

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