Interest Rates in 2022 – What to Expect

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2022 is full of many different events and changes. The world situation is dynamic and this presents uncertainty about the future. It is no different in the case of interest rates.

The year 2022 did not spare borrowers, and the possibility of further increases do not give us hope. But what is the reality? According to the forecast of PKO BP, interest rates will drop from 7% to around 5.75% in 2023. At the moment, the reference rate is 6.5%. The worse news is that before that happens, we can expect one more rate increase in 2022. The situation is dynamic, however, and no one can be sure.

There are many indications that the situation should improve, and the worst is probably behind us. The upcoming increases should not significantly affect the number of loan installments. Does this mean that people considering a loan should make confident decisions and go to the bank? Well, not necessarily.

This is a decision that should be made after a careful estimation. When analyzing it, one must, first of all, remember that the world situation is dynamic. This also applies to interest rates, which may increase overnight under the influence of various factors, which will have an impact on the amount of the mortgage installment.

The changing world situation makes it very difficult to predict the course of events precisely. However, according to most analysts, the crisis will slowly stabilize in 2023.

Much depends on inflation. There is a high risk that in 2023 it will be higher than predicted. However, one cannot have the illusion that inflation will slow down. On the contrary. Increases for the next year are already announced. The speed of its growth will depend mainly on the coherence of the budget policy with the anti-inflationary policy.

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