Interest rate pass-through in Poland. Evidence from individual bank data

Ewa Stanisławska

No 179, NBP Working Papers from Narodowy Bank Polski

Abstract: The paper employs on individual bank data with aim to analyse interest rate pass-through from money market rates to banks’ deposits and lending rates. In the first step, the speed and completeness of interest rate adjustment is assessed. As the sample covers period prior to and after the outburst of the financial crisis, some comparisons of interest rate transmission process in these periods are made. In the second step, the influence of individual banks characteristics, like size, strength of deposit base, quality of credit portfolio, etc., on the features of interest rate transmission is examined. It seems that t heir impact i s not strong, as they affect rather the speed of adjustment than its scale in the long term.

Keywords: interest rates pass-through; monetary policy transmission mechanism; interest rate channel (search for similar items in EconPapers)
JEL-codes: E43 E52 G21 (search for similar items in EconPapers)
Pages: 61
Date: 2014
New Economics Papers: this item is included in nep-ban, nep-cba, nep-mac, nep-mon and nep-tra
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpmis:179

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