WARSAW, (Reuters) – Bringing Poland’s inflation below the target of the central bank over the next two-years will prove difficult if government efforts are increased to increase consumption, Przemyslaw Literwiniuk (Monetary Policy Council) said Saturday.

The government revealed last month a program to assist borrowers who are struggling to pay higher mortgage rates amid high inflation. Poland also has lowered its taxes on energy in an effort to reduce consumer prices.

The ability to achieve the inflation target depends on how we manage our budget. It will not be easy to keep increasing transfers of money for consumption if there is no change in policy. Litwiniuk stated that no rate increase, not even at the actual interest rate level, would change this.

Litwiniuk, a professor at a university who was elected to the MPC in January, said that Polish inflation could remain high until 2025.

In October Poland began a tightening cycle, albeit later than the central banks of Hungary and Czech Republic. It has a main interest rate of 5.25% and inflation reached 12.4% for the year. That is compared to 2.5% inflation targets by central banks with tolerances of +/-1 percent.

This mortgage plan allows borrowers to pay interest-free on certain installments. It also creates an aid fund worth 3.5 Billion Zloty, which is funded by profits from commercial banks.