In a world of (mostly) falling interest rates, Poland has become an outlier. Adam Glapiński, the governor of the Polish central bank, has adopted a hawkish stance in July, saying that no cuts should be expected before 2026. Some economists disagree, and to spice things up a bit, Glapiński may be facing a trial before a special court for public officials for his dovish actions before the 2023 parliamentary elections. Witold Orłowski, chief economic advisor at PwC Poland, explains what’s going on with inflation in Poland and what direction the country’s monetary policy should take.
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