The Polish consumer protection office UOKiK proposes banks offer retail clients a one-year vacation from cash and mortgage loan payments and that retailers submit to price controls on health care products or other key household products, a review of legal proposals from the office shows.
In retail sales, Poland would reserve the right to set „maximum prices or maximum wholesale and retail margins” for products or services „significant for health care or personal security or for household costs,” according to the proposal.
Proposals from UOKiK, while not yet in the emergency legislation crafted by government planners, are still on the docket, Minister of Development Jadwiga Emilewicz indicated on Twitter.
Poland’s financial market supervisory body KNF may yet object to calls for full year credit vacations, KNF chief Jacek Jastrzebski retorted.
„We are analyzing this from the point of view of the proper balance between interests of borrowers hit by the epidemic and maintaining the ability of the banking sector to finance the economy and its stability,” Jastrzebski wrote in a tweet.
