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There is a decision by the Monetary Policy Council. Interest rates up

Thus, the NBP reference rate increased to 6%, the lombard rate to 6.5%, and the deposit rate to 5.5%. The rediscount rate for bills also increased – to 6.05%, and the discount rate for bills of exchange – to 6.1%.

Wednesday’s increase in NBP interest rates is the ninth in a row in the cycle started in October 2021.

The rest of the article below the video.

According to the Central Statistical Office (GUS), preliminary estimates show that in May 2022 inflation in Poland was 13.9% and prices were rising by 1.7%. month to month. This is the largest increase in prices in Poland since 1998. Moreover, experts estimate that inflation will not stop at this level and may even reach 20% by the time of summer holidays.

In this situation, the decision to raise interest rates is a painful blow to the wallets of Poles who are already wondering how to pay off their loans.

In recent months, the Monetary Policy Council, led by Glapiński, has been fighting inflation several times. raised interest rates. Along with the interest rates, the installments of the loans taken also increase.

In a poll conducted in May, the majority of respondents, contrary to the words of PiS politicians, indicate responsibility Glapiński for high costs of loans were indicated by the largest number of respondents in the IBRiS survey for “Rzeczpospolita”. This answer was chosen by 31.3 percent. people.

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