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KNF: banks should count creditworthiness if interest rates were to increase by 5 percentage points

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KNF: banks should count creditworthiness if interest rates were to increase by 5 percentage points
Source: Wikimedia Commons

Banks should calculate the creditworthiness of potential borrowers as if the Monetary Policy Council had raised rates by a total of 5 percentage points, according to the latest position of the Polish Financial Supervision Authority (KNF), sent to banks.

The position of the KNF Office, published on Monday, concerns actions that…

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