A large bank boasts about selling fixed-rate loans. Customers were persuaded just before the MPC cut

The interest rate cut by as much as 0.5 percentage points is a chance for the economy to save the weakening economic situation, but for banks it is a clear signal that the good luck with extremely high profits on interest has ended. Income from credit installments will decrease, and banks will find it difficult to pay less for deposits. The first quarter results of ING Bank Śląski, the fourth bank on the market, published on Thursday, as well as…