The move by the bank's rate-setting Monetary Policy Council lowers the reference rate from 4.75 percent to 4.50 percent, public broadcaster Polish Radio’s IAR news agency reported.
The council previously cut rates by a combined 50 basis points in July and September, after a 50-basis-point reduction in May.
Central bank chief Adam Glapiński has cited weakening wage pressures and a slowing economy as reasons for easing policy.
Inflation in Poland stood at 2.9 percent in year-on-year terms in September, according to a flash estimate by the country’s statistics office.
In 2023, the council slashed rates by a total of 100 basis points, following a tightening cycle in 2021 and 2022 aimed at curbing surging consumer prices.
(gs)
Source: IAR, PAP