Change of benchmark rates from WIBOR to WIRF in credit agreements
20.02.2025
banking & finance
In the coming years, the Polish financial market will face a major change: replacement of WIBOR (the Warsaw Interbank Offered Rate) with a new benchmark, WIRF (the Warsaw Interbank Reference Rate), which is eventually to be named POLSTR (the Polish Short-Term Rate). The change of the benchmark is part of a broader global reform aimed at replacing IBOR-type benchmarks.
