Falling inflation causes real interest rates on deposits to rise. However, most deposit holders still lose money. The holder of an average annual deposit completed in July 2023 lost about 5,5 [...]

On an average annual bank deposit, completed in April 2023, its holder actually lost 9,71 percent. This is still less than the losses of holders of the same deposits last year, when the maximum loss was even [...]

"Money creation multiplier" - this is the name of the mechanism that allows banks to multiply money thanks to loans and deposits. Banks create them de facto out of thin air (Latin ex nihilo) because they have to keep [...]

At the meeting accelerated by one week, the Monetary Policy Council decided to raise interest rates in Poland by 50 points. This means that the basic interest rate is now 2,25%. The real rate [...]