The body responsible for the raises, the Monetary Policy Council, appears to be making its decisions on the basis of a mixture of political and economic considerations.
Meanwhile, a parallel "shadow" rate-setting panel formed by students at the Warsaw School of Economics (SGH) votes on interest rates solely based on economic criteria.
Radio Poland's Piotr Miszczuk talks with Mateusz Gil, a member of the panel.
Click on the audio player to hear the interview.