Polish banks trimmed interest rates on some new zloty-denominated loans, including mortgages, in January from December levels, but raised for consumer loans and loans for small businesses, data from the National Bank of Poland showed.

Rates on consumer loans increased by 0.2 ppt m/m, with effective rates falling flat at 22.2%.

Housing loan average rates declined 0.2 ppt m/m to 6.4%, with the effective rate down by 0.3 ppt to 6.8%. Interest rates for small businesses actually increased by 0.4 ppt to 8.7%.

Average rates on corporate loans held flat at 6.2%.