A significant drop in WIBOR after NBP interest rate cut
18:19
WIBOR, the index used by banks to determine loan interest rates, has sharply declined after the recent interest rate cut by the NBP. According to quotations from September 7 (the latest available), the 3-month WIBOR stands at 6.07 percent. Just a day earlier, it was at 6.60 percent. There has also been a significant decrease in the 6-month WIBOR. Currently, it is at 5.87 percent, whereas in the previous quotation, banks had set it at 6.40 percent.
This should result in lower loan installments. However, those who have taken out loans in banks where interest rates are determined using the WIRON index, an alternative to WIBOR, may be disappointed.
