In Polish: RPP (Rada Polityki Pieniężnej)
This is the word you will see in bank documents.
Definition
RPP (Rada Polityki Pieniężnej, the Monetary Policy Council) is the body of the National Bank of Poland that sets NBP interest rates. It consists of the NBP President as chair and 9 members appointed in equal numbers by the President of Poland, the Sejm and the Senate for 6 years. Rate decisions are taken at decision-making meetings, usually once a month.
What it means for you
An RPP decision to change rates feeds into WIBOR and POLSTR, and through them into the instalment of a variable-rate loan and into creditworthiness. Your instalment changes only on the benchmark update date set in your agreement. With a fixed rate, RPP decisions do not change your instalment until the fixed period ends.
Full entry in Polish, with a worked example and sources
Frequently asked questions
When is the next RPP meeting?
The next decision-making meetings are on 3–4 November 2026 (decision on 4 November) and 1–2 December 2026 (decision on 2 December).
Who sits on the RPP?
The NBP President as chair and 9 members. The President of Poland, the Sejm and the Senate each appoint three finance specialists for 6 years.
When will my instalment change after an RPP decision?
With a variable rate, on the next benchmark update date in your agreement, usually every 3 or 6 months. With a fixed rate, only after the fixed period ends.
Related terms
Definitions are simplified and reflect Polish law and bank practice as of October 2026. Where every word matters, the Act and your loan agreement decide. Figures in examples are indicative and are not a bank offer. The Polish version of each entry has worked examples and sources.
Other terms in “Interest rates and benchmarks”