PL – End of WIBOR and WIBID publication

12/09/2022

The Polish deputy finance minister announced in June 2022 the cessation end of 2022 of WIBOR/WIBID publication.

Meanwhile, in the course of the work of the expert teams of the National Working Group on the Reform of Benchmarks conducted in July and August 2022, the estimation of the time-consuming tasks required to be carried out by all market participants for the replacement of the previously used WIBOR reference rates by new RFR (risk free rates) interest rate indices were carried out. It is assumed the possibility of implementing the reform of the benchmark for PLN in the schedule by the end of 2024.