Friday, September 10th, 2010
Stronger złoty means lower interest rates
Borrowers have reason to cheer, as interest rates have never been lower. Several months ago when the euro cost nearly zł.5, lenders were receiving hundreds of złoty per month more in interest than they are now, says Marcin Krason an analyst for Open Finance.
The tried and true rule of investing, "buy when everyone is selling, and sell when everyone wants to buy," appears to apply for borrowing and lending as well. Analysts are forecasting a continuing price drop for euro and Swiss franc loans for this year. Investors who borrowed in these currencies will remain happy, at least for now.
Source: Dziennik Gazeta Prawna
From Warsaw Business Journal
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