Poland is preparing for new measures to fight against inflation

Polish Government Spokesperson Piotr Muller said that Prime Minister Mateusz Morawiecki is expected to announce additional measures to fight against inflation on Tuesday. Speaking in a radio interview, Muller stated that if inflation continues to rise, the anti-inflation package can be expanded. As the monetary tightening cycle continues in Poland, the rise in inflation does not fall from the agenda of countries. On Friday, Prime Minister Morawiecki emphasized the VAT reduction on fuel. While inflation in the country is at its peak in 20 years, the government is trying to fight inflation with tax cuts. According to the latest figures on Friday, inflation was 8.6 percent in December. While the government's anti-inflation agenda gains importance, the country's central bank continues its monetary tightening cycle. Poland 's Central Bank increased its policy rate by 50 basis points to 2.25% on Tuesday. The bank has signaled that further tightening will also come.