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Indicator

WIBOR 3M, EURIBOR and NBP rates since 2015: month by month

The NBP reference rate with every MPC decision, WIBOR 3M and 6M, EURIBOR 3M and the ECB deposit rate: what money cost in złoty and euro, and how WIBOR-based loan payments moved.

Periodfrom 2015to 2026

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NBP reference rate, 2026 (to X)
3,75 %
+2,25 pp since 2015; 0,10 % (2020) – 6,75 % (2022)
WIBOR 3M (annual average), 2026 (to IX)
3,85 %
+2,10 pp since 2015; 0,54 % (2021) – 6,52 % (2023)
EURIBOR 3M (annual average), 2026 (to IX)
2,27 %
+2,29 pp since 2015; -0,55 % (2021) – 3,57 % (2024)
WIBOR − EURIBOR spread, 2026
+1,58 pp
how much dearer złoty money is
Chart
  • WIBOR 3M
  • EURIBOR 3M
  • NBP reference rate
-2,50,02,55,07,5I 2015I 2017I 2019I 2021I 2023I 2025X 2026WIBORNBPEURIBOR
Interest rates year by year
YearNBP year-endNBP averageWIBOR 3MWIBOR 6MEURIBOR 3MECB deposit
20151,50 %1,59 %1,75 %1,80 %-0,02 %-0,30 %
20161,50 %1,50 %1,70 %1,77 %-0,26 %-0,40 %
20171,50 %1,50 %1,73 %1,81 %-0,33 %-0,40 %
20181,50 %1,50 %1,71 %1,79 %-0,32 %-0,40 %
20191,50 %1,50 %1,72 %1,79 %-0,36 %-0,50 %
20200,10 %0,50 %0,67 %0,70 %-0,43 %-0,50 %
20211,75 %0,35 %0,54 %0,63 %-0,55 %-0,50 %
20226,75 %5,28 %6,02 %6,29 %0,34 %2,00 %
20235,75 %6,45 %6,52 %6,51 %3,43 %4,00 %
20245,75 %5,75 %5,86 %5,85 %3,57 %3,00 %
20254,00 %5,10 %5,10 %4,96 %2,18 %2,00 %
2026 (to IX)3,75 %*3,81 %*3,85 %*3,86 %*2,27 %*2,50 %*

MPC decisions: every reference rate change

In 2015–2026: 24 changes.

  1. 2015-03-051,50 %−0,50 pp
  2. 2020-03-181,00 %−0,50 pp
  3. 2020-04-090,50 %−0,50 pp
  4. 2020-05-290,10 %−0,40 pp
  5. 2021-10-070,50 %+0,40 pp
  6. 2021-11-041,25 %+0,75 pp
  7. 2021-12-091,75 %+0,50 pp
  8. 2022-01-052,25 %+0,50 pp
  9. 2022-02-092,75 %+0,50 pp
  10. 2022-03-093,50 %+0,75 pp
  11. 2022-04-074,50 %+1,00 pp
  12. 2022-05-065,25 %+0,75 pp
  13. 2022-06-096,00 %+0,75 pp
  14. 2022-07-086,50 %+0,50 pp
  15. 2022-09-086,75 %+0,25 pp
  16. 2023-09-076,00 %−0,75 pp
  17. 2023-10-055,75 %−0,25 pp
  18. 2025-05-085,25 %−0,50 pp
  19. 2025-07-035,00 %−0,25 pp
  20. 2025-09-044,75 %−0,25 pp
  21. 2025-10-094,50 %−0,25 pp
  22. 2025-11-064,25 %−0,25 pp
  23. 2025-12-044,00 %−0,25 pp
  24. 2026-03-053,75 %−0,25 pp

Sources: National Bank of Poland, Eurostat, European Central Bank. Data retrieved 2026-10-14. Current year: average of available months.

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How it is computed

  1. 1SourcesReference rate from the NBP decision archive (effective date), WIBOR as monthly averages of Polish interbank rates from Eurostat, EURIBOR and the deposit rate from the ECB. The annual figure is the average of months.
  2. 2Year-end or averageFor the NBP rate I show the year-end level and the day-weighted average. For loan cost over a year use the average; for “where we were in December”, the year-end.

Frequently asked questions

What is WIBOR 3M now?

In the latest data (September 2026), 3.84 % on average. Daily fixings are published by GPW Benchmark; this page shows monthly averages, updated after Eurostat publishes, usually with about a two-week lag.

When were NBP rates highest?

From September 2022 to September 2023 the reference rate stood at 6.75 %. Before that, from May 2020 to October 2021, it was at a record low of 0.1 %. The full list of decisions with dates is above.

Loan in złoty or in euro?

EURIBOR is about 1.5 points below WIBOR, but a euro loan with złoty revenue moves currency risk onto the business. It mainly makes sense when revenue is also in euro.

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