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WIBOR is expected to disappear by the end of 2025. There is an action plan on reforming the benchmarks

NGR in early September chose the WIRD index (Warsaw’s Deposit Market Index) as an alternative to the WIBOR interest rate benchmark. Last week, GPW Benchmark, the administrator of reference rates, announced that the name of the WIRD indicator has been changed to WIRON (Warsaw Interest Rate Overnight).

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