Steve Hanke(@steve_hanke):Poland's inflation came in at 3.4%/yr in August, ABOVE its target of 2.5%/yr. Money supply (M2) grew at 11.3%/yr. That's ABOVE Hanke's Golden Growth Rate of 8.8%/yr, a rate consistent with hitting Poland's 2.5%/yr inflation target. THE INFLATION STORY = A MONEY SUPPLY STORY.

Steve Hanke

@steve_hanke

Professor of Applied Economics @JohnsHopkins | Senior Contributing Columnist @Fortune | FX & Commodity Trader | Reagan White House | Views are my own

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Steve Hanke@steve_hanke

2026.09.24 08:51

Poland's inflation came in at 3.4%/yr in August, ABOVE its target of 2.5%/yr. Money supply (M2) grew at 11.3%/yr. That's ABOVE Hanke's Golden Growth Rate of 8.8%/yr, a rate consistent with hitting Poland's 2.5%/yr inflation target. THE INFLATION STORY = A MONEY SUPPLY STORY.