A rate hike could hit e-commerce

At the October meeting, the Monetary Policy Council unexpectedly raised the reference interest rate by 40 basis points – from 0.1 percent to 0.5 percent. Commercial companies that have already taken out loans – whether of bank or non-bank – can expect a gradual increase in the interest rate on their liabilities installments.

Since the beginning of the pandemic, the value of overdue liabilities of the entire trade sector in Poland has increased by PLN 640 million.