Polish banks have increased mortgage interest rates, a move that has caught many borrowers by surprise.
The adjustments mark a shift in the domestic lending market, where rates had remained relatively stable in recent months.
Customers are now facing higher monthly payments as lenders adjust their pricing strategies in response to changing market conditions.
The rate hikes reflect a broader trend of tightening credit conditions across parts of Europe.
While the UK has seen mortgage rates surge to multi-month highs driven by geopolitical tensions and inflation expectations, Poland’s move appears to be driven by domestic banking sector dynamics.
The sudden nature of the increases has drawn criticism from consumer advocates, who argue that borrowers were not given sufficient notice or transparency regarding the changes.