Polish banks trimmed interest rates on new zloty-denominated loans in December from November levels, data from the National Bank of Poland showed.

Rates on consumer loans fell by 0.6 ppt month on month, with effective rates falling 0.8 ppt to 22.3%.

Housing loan average rates declined 0.3 ppt m/m to 6.6%, with the effective rate down by 0.1 ppt to 7.1%. Interest rates for small businesses fell by 0.6 ppt to 8.3%.

Average rates on corporate loans declined, by 0.5 ppt to 6.2%.