– It seems that interest rates will not be lower because they are close to zero – said Paweł Borys, president of the Polish Development Fund, on Friday afternoon. And, he added, Poles must slowly prepare for an increase in loan installments. – They will increase monthly by PLN 200-300 – forecasts the head of PFR.
Borys is one of the most trusted people of Prime Minister Mateusz Morawiecki and a person who was largely responsible for the financial shield for Polish entrepreneurs in the pandemic. More specifically – the Polish Development Fund under his management.
On Friday, the head of PFR was a guest of RMF FM. There, he answered questions about the condition of public finances. As emphasized, their the state is one of the best in Europe and economic growth this year will be “very strong”.
– We have 2-3 years of prosperity ahead of us – said Paweł Borys, but at the same time he assured us that – against it what the deputy finance minister Piotr Patkowski said – economic growth does not necessarily have to be followed by high price increases. “We are not in danger of hyperinflation,” said Boris.
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What, in turn, does this boom mean for the labor market? Certainly greater wage pressure. – The position of the employee has greatly strengthened in recent years, but raises should depend on whether we are working effectively – said the president of PFR.
One of the most important people in the Polish economy also referred to the situation on the housing market.
– This market has changed very dynamically, the price increase is noticeable. However, it is not yet possible to speak of a bubble he said. At the same time, however, he admitted that Poles must slowly prepare for an increase in loan installments.
– It seems that interest rates will not be lower because they are close to zero – said Paweł Borys and suggested that an interest rate hike by the MPC may come closer. And then significantly mortgage installments may also increase. According to Borys, about PLN 200-300 per month.
The President of PFR also appealed to RMF FM for Fr. opting for loans with a fixed interest rate. Precisely to avoid drastic increases on the occasion of the MPC decision.
In Business Insider Polska, we have already shown many times how the loan installment will change when The Monetary Policy Council will decide to raise the reference rate.
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