Monetary Policy Council at the October meeting of lowered interest rates. The basic rate of the NBP will be 2.00 per cent. that is, at least in history.
The scale of reduction is different for poszczególncyh stóp.Stopa reference is currently 2.00% (previously 2.5%), the deposit rate of 1% (unchanged), and the lombard rate to 3% (previously 4%), and the rediscount rate 2.25% (previously 2.75%). Resolution of the MPC shall enter into force on October 9.
The last time the Council decided to lower interest rates
rates in July last year, when completed cycle lasting from November
, 2012. Then members of the Council reiterated that interest rates
the Vistula River will remain unchanged at the end of the third quarter of this
year.
Before today’s decision, most analysts were convinced that the MPC decides to cut only 25 bp. Economists surveyed by PAP predict now that the ‘adjustment’
the level of the NBP interest rates will including 50-75
bp . The next MPC meeting is scheduled for 4-5 November.
Another savings for borrowers
After almost a year of stabilization of the installments a borrower who took out obligations in gold can again begin to count savings. From mid-August the WIBOR 3M began marching down and although the MPC did not reduce interest rates in August and September, debt service costs have fallen significantly.
Banks usually update the interest rate on loans in different cycles – some borrowers have suffered reductions, while others will see them at any moment. Just three months ago with borrowed for 30 years 200 thousand. zł with a margin of 1.5 percent. you had to pay 950 zł monthly payment. Now it is about 30 zł less.
Today’s MPC decision less pleased customers in the banks that hold their reserves. In recent weeks, banks sharply competed for depositors serving the promotional offer term deposits, while worsening the conditions for long-term deposits. Cutting interest rates is a change in the bank card prices – the renewal of short investments in similar terms as the threshold of autumn you can no longer count
Cutting interest rates in Poland after how to alleviate
monetary policy decided by the European Central Bank. From
September base interest rate in the euro zone is only 0.05% . ECB stepped in also in June,
the first time in history introduced a negative deposit rate.
The finance minister said Mateusz Szczurek
today that next year’s budget assumes a reduction in interest rates by 50 bps.,
to 2.00%.
A 16.00 start a conference with the participation of Marek Belka
and two other members of the MPC, where we know the exact reasoning
today’s decision.
/ m
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