<abstract xmlns="http://www.w3.org/1999/xhtml">
<p>The paper discusses issues connected with the use of selected indices (WIBOR, WIBID, WIRON, POLONIA) as benchmarks for bank loans. In the introduction, the author addresses the problem of manipulation of rates, which are characterized by the forecasting of interest rate values. The following part of the paper analyses the differences in benchmarks’ construction, describes their operation, methods of setting and use. It also outlines their behavior over time. Subsequently, issues relating to the application of WIBOR, WIBID, POLONIA, WIRON as benchmarks for consumer loans are presented. They have been compared to a sample bank offer based on a fixed interest rate. The final conclusions outline the possible effects of various benchmarks on borrowers, and compare the situation of the Polish banking offer for fixed-rate loans with other countries. The possible effects of new regulations in the context of the share of fixed-rate loans in the credit market are also described.</p>
</abstract>

The paper discusses issues connected with the use of selected indices (WIBOR, WIBID, WIRON, POLONIA) as benchmarks for bank loans. In the introduction, the author addresses the problem of manipulation of rates, which are characterized by the forecasting of interest rate values. The following part of the paper analyses the differences in benchmarks’ construction, describes their operation, methods of setting and use. It also outlines their behavior over time. Subsequently, issues relating to the application of WIBOR, WIBID, POLONIA, WIRON as benchmarks for consumer loans are presented. They have been compared to a sample bank offer based on a fixed interest rate. The final conclusions outline the possible effects of various benchmarks on borrowers, and compare the situation of the Polish banking offer for fixed-rate loans with other countries. The possible effects of new regulations in the context of the share of fixed-rate loans in the credit market are also described.

WIBOR, WIRON, WIBID, POLONIA as reference rates for bank loans

Economic and Regional Studies / Studia Ekonomiczne i Regionalne

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"WIBOR, WIRON, WIBID, POLONIA as reference rates for bank loans"}

The paper discusses issues connected with the use of selected indices (WIBOR, WIBID, WIRON, POLONIA) as benchmarks for bank loans. In the introduction, the...

WIBOR, WIRON, WIBID, POLONIA as reference rates for bank loans

Published Online: Sep 29, 2023

Page range: 412 - 421

Received: May 01, 2023

Accepted: Aug 01, 2023

DOI: https://doi.org/10.2478/ers-2023-0026

Keywords
banking, loans, WIBOR, WIRON

© 2023 Patryk Król, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

WIBOR, WIRON, WIBID, POLONIA as reference rates for bank loans

Published Online: Sep 29, 2023

Page range: 412 - 421

Received: May 01, 2023

Accepted: Aug 01, 2023

DOI: https://doi.org/10.2478/ers-2023-0026

Keywordsbanking, loans, WIBOR, WIRON

© 2023 Patryk Król, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
banking, loans, WIBOR, WIRON