Narodowy Bank Polski

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Schedule of open market operations to be conducted by Narodowy Bank Polski by the end of March 2020

Date: 20-03-2020

In the period up to the end of March 2020, Narodowy Bank Polski will conduct the following types of open market operations:

  1. Main operations, in the form of the issue of NBP bills, will be conducted in the standard manner, i.e. on Friday 27 March 2020, settled at T+0, with a maturity of 7 days.
  2. Liquidity providing, fine-tuning repo operations will be conducted, should NBP judge that conditions in the interbank market require the use of this monetary policy instrument. The maturity of this instrument will be adjusted to the prevailing circumstances.

    The list of collateral for fine-tuning repo operations is available on the NBP website at Lombard facility & repo.
  3. The next structural operation, involving the outright purchase of selected Treasury securities will be conducted on 23 March 2020 and settled on 25 March 2020. The assets purchased will comprise fixed-rate securities with a maturity of more than a year.

    The tender will be held from 11.00 to 11.30 a.m.

    The results will be announced at 11.45 a.m. It is assumed that securities worth up to PLN 10 billion will be purchased.

By 30 March 2020, NBP will publish the schedule of open market operations to be offered in April 2020.

NBP interest rates

Reference rate 6.75
Lombard rate 7.25
Deposit rate 6.25
Rediscount rate 6.80
Discount rate 6.85

Exchange rates

Table of 2023-01-27
1 EUR4.7076
1 USD4.3252
1 CHF4.6961
1 GBP5.3505
100 JPY3.3309

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Narodowy Bank Polski
Świętokrzyska 11/21
00-919 Warszawa

+48 22 185 10 00
NIP: 525-000-81-98
REGON: 000002223
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