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important change. Are you paying off a mortgage, are you planning to get a loan at interest with WIBOR? Now it will be replaced by WIRON, and since when [13.12.2022]


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WIRON, or Overnight Interest Rate (formerly WIRD), is set to become one of the most important factors determining the interest rate on loans in Poland. It is an alternative to the widely criticized WIBOR. What exactly is WIRON? who sets? How will it affect loan installments? Will it become more convenient and more transparent from the point of view of Polish borrowers than WIBOR?


Let us remind you that WIBOR (Warsaw Interbank Offer Rate) is essentially the interest rate on the interbank market in Poland. When banks lend money to each other, the ratio is used to calculate the final repayment amount that consists of the loan and its interest.

LIBOR is not a static indicator. We know its rise every business day at 11.00 based on the data provided by the banks. However, since banks operating recently in Poland are usually characterized by excessive liquidity and do not have to resort to loans, there have been voices of criticism that WIBOR has become a dummy indicator. In a certain simplification built on the basis of a digression: Bank X contacts Bank Y, and asks “If we want to borrow money from you, what are your terms and interest rate?”.

Echo Richards
Echo Richards
Echo Richards embodies a personality that is a delightful contradiction: a humble musicaholic who never brags about her expansive knowledge of both classic and contemporary tunes. Infuriatingly modest, one would never know from a mere conversation how deeply entrenched she is in the world of music. This passion seamlessly translates into her problem-solving skills, with Echo often drawing inspiration from melodies and rhythms. A voracious reader, she dives deep into literature, using stories to influence her own hardcore writing. Her spirited advocacy for alcohol isn't about mere indulgence, but about celebrating life's poignant moments.


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