Changes in interest rates and volume of loans versus changes in interest rates of NBP in years 2008–2015 Cover Image

Zmiany oprocentowania i wolumenu kredytów dla przedsiębiorstw a zmiany stóp procentowych NBP w latach 2008–2015
Changes in interest rates and volume of loans versus changes in interest rates of NBP in years 2008–2015

Author(s): Sławomir Juszczyk, Rafał Balina
Subject(s): Business Economy / Management, Financial Markets
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: monetary policy; the NBP interest rates; loans to businesses

Summary/Abstract: The aim of this study was to determine the evolution of the basic NBP interest rates and their impact on the change in the volume of loans to the non- -financial corporations granted in Poland in the years 2008–2015. The analysis shows formation of the relationship between selected NBP interest rates, the volume of loans to non-financial corporations and the average interest rate on these loans. In the research were used statistical tools to establish relationships between variables. The results indicated presence of a strong relationship between changes in NBP interest rates and interest rate on loans to non-financial corporations. In addition, studies have shown that changes in interest rates has corresponded whit inadequate level of changes in the volume of loans to non-financial corporate sector.

  • Issue Year: 5/2017
  • Issue No: 1
  • Page Range: 45-52
  • Page Count: 8
  • Language: Polish