Inflation keeps growing
Even before the pandemic, Poland found itself in a situation of high inflation risk. Many months ago we were on the verge of wages chasing inflation. And now the pandemic and the war have raised these threats. That is why a responsible and good monetary policy is very important today, which helps to cope with problems in difficult situations.
“If we ask ourselves how much inflation comes from Putin, and how many from the mistakes of our policy – opinions vary, of course. The government will convince us that the problems are solely due to Putin – and if it were not for that, we would not have inflation at all. The NBP similarly – even before the war started, the President argued that inflation would drop in the next month, that it was absolutely certain that there would be no inflation in Poland,” Professor Witold Orłowski, economist, Rector of the VISTULA Academy of Finance and Business, said.
“Unfortunately, it is obvious that Poland found itself in an inflationary situation, threatened with very serious inflation, many months ago. Long before the war in Ukraine started – and even before the pandemic-related energy price rises began. If we had a more reasonable policy, if our National Bank had not given up a large part of its credibility due to unskilful actions and communication, or maybe such political will – today it would be much easier for us to deal with inflation,” Orłowski analyzed.
