They appeared after the latest interest rate hike Ideas to freeze rate WIBOR, which will make it easier for people to repay zloty housing loans. The head of the NBP does not support this idea.
“Clearly, NBP’s assessment of such an idea is negative. First, a possible freezing of the WIBOR rate would constitute an unacceptable interference with private legal relations in a modern market economy.”
. added The implementation of such an idea will make the fight against inflation more difficult. The main channel of influence of monetary policy on the economy is the formation of interbank interest rates, which translate into debt servicing costs in the economy. “The WIBOR rate freeze fundamentally impairs the operation of this mechanism,” the NBP governor said.
The rest of the text is below the video
He noted that banks have long had to incur an increase in interest rates when assessing creditworthiness during the home loan granting process.
Since October 2021, the Monetary Policy Board has made five interest rate increases. During this period, the reference rate increased from 0.1%. Up to 2.75% The MPC raises interest rates to fight inflation, the highest in more than two decades. In December, prices of consumer goods and services increased by an average of 8.6%. per year, and in January inflation accelerated to 9.2 percent. every year.
NBP will take the necessary steps
As the head of the Polish National Bank said in an interview with “Super Express” that in Poland, Throughout 2022, inflation will be above 3.5%.It will therefore remain above the upper limit of deviations from the NBP inflation target (which is 3.5%). This means that interest rates will continue to rise. However, in the opinion of the governor of NBP, it will not cause an excessive increase in unemployment, and it will stem wage pressures.
See also: NBP Governor: I can’t imagine the anti-inflation shield won’t be extended until the end of the year
In response to rising inflation, The Council is taking decisive but wise steps. Although the government’s anti-inflation shield limits price growth in the short term, NBP’s actions will affect inflation in the long term. So we work independently, but we complement each other. NBP will take all necessary steps towards a permanent reduction in inflationGlapiński said.
Echo Richards embodies a personality that is a delightful contradiction: a humble musicaholic who never brags about her expansive knowledge of both classic and contemporary tunes. Infuriatingly modest, one would never know from a mere conversation how deeply entrenched she is in the world of music. This passion seamlessly translates into her problem-solving skills, with Echo often drawing inspiration from melodies and rhythms. A voracious reader, she dives deep into literature, using stories to influence her own hardcore writing. Her spirited advocacy for alcohol isn’t about mere indulgence, but about celebrating life’s poignant moments.
![This will be the minimum wage and net payments after New Lada 2022. This is what your employer will offer you from January [8.10.21]](https://www.moviesonline.ca/wp-content/uploads/2021/10/This-will-be-the-minimum-wage-and-net-payments-after.jpg "This will be the minimum wage and net payments after New Lada 2022. This is what your employer will offer you from January [8.10.21]")
![Calculation of post-linkage pensions in 2023. Table [18.12.2022]](https://www.moviesonline.ca/wp-content/uploads/2022/12/Calculation-of-post-linkage-pensions-in-2023-Table-18122022.jpg "Calculation of post-linkage pensions in 2023. Table [18.12.2022]")
![Below are the pension rates as of March 2023. These will be the benefits after standardization [16.01.2023]](https://d-art.ppstatic.pl/kadry/k/r/1/f3/0a/63c019d28dae5_o_original.jpg "Below are the pension rates as of March 2023. These will be the benefits after standardization [16.01.2023]")
