The Polish government is unlikely to require banks to hike deposit rates, according to mBank.

WARSAW, Poland (Reuters) – According to mBank CEO Cezary Stypulkowski, interest rates on deposits kept in Polish banks will rise due to competition, but he does not anticipate the government to propose any legislation compelling banks to hike rates.

“With regard to the topic of whether we are seeing an increase in the number of clients having difficulty paying their obligations, in particular… mortgage loans,” deputy head Marek Lusztyn remarked.