Credit installments decreases are being prepared – according to the calculations, which was prepared for tvn24.pl, the main analyst of Rankomat Jarosław Sadowski. All because of the decreases in WIBOR 3M and WIBOR 6M rates, based on which loan installments are calculated. The signal to discounts was given by a press conference of the President of the National Bank of Polish Adam Glapiński.
The vast majority of loans granted in Poland are those with a variable interest rate. In such a situation, the installment is usually a 3M (three -month) or 6m (six -month) WIBOR derivative and a bank margin. WIBOR is published daily and can change, and the amount of loan installments is updated every three or every six months.
Loan installments. How much can they fall?
Currently, both WIBOR 3M and 6M rates are falling. All through pigeons voices flowing from the Monetary Policy Council and the Central Bank.
The president of the National Bank of Poland at a press conference at the beginning of April said that there may be a space to lower interest rates in the near future. He estimated that the reduction could take place both in May and in June, and in July.
– You could jokingly say that I come as a pigeon at the head of other pigeons. The council changes his position to such pigeons, i.e. it expects the situation to change towards lowering interest rates – said the head of the Polish Central Bank.
It was after this conference that fast WIBOR 3M and 6M drops began.
– Currently, the belief that interest rates can be reduced by 0.5 percentage points in May, and in total this year by 1 percentage point. As a result, the WIBOR 3M and WIBOR 6M rates dropped (on Tuesday – ed.) To the level of 5.61 percent, respectively. and 5.29 percent These rates try to forecast what will happen with NBP interest rates In the next three months (WIBOR 3M) or six months (WIBOR 6M) – Jarosław Sadowski comments for tvn24.pl.
The expert points out that as a result of these declines, the installment of the average loan – For PLN 400,000 and a period of 30 years – it will be reduced by PLN 154 if the interest rate is based on a WIBOR 6M or PLN 55 rate, if the loan is based on WIBOR 3M.
– However, the decrease in installment will appear only after the interest rate update, which means that in some cases the May installment may already be lower, and in others only in a few months – explains Jarosław Sadowski.
Interest rates in Poland
During the meeting at the beginning of April, the Monetary Policy Council maintained the interest rates of the National Bank of Poland at an unchanged level. NBP main interest rate, reference rate, is still 5.75 percent.
The lombard rate was maintained at 6.25 percent. On an annual scale, the deposit rate is still 5.25 percent, the reducover rate of bills of exchange – 5.8 percent, and the discount rate – 5.85 percent. on an annual basis.
The MPC for the last time changed interest rates in October 2023. At that time, it reduced the NBP rates by 25 base points to the current level.
WIBOR 3M – April 16, 2025STOOQ
Source of the main photo: Grand Warszawski/Shutterstock