It's quite easy really. The FED has done stuff which doesn't impact you directly, really. However what the ECB(European Central Bank, steward of the euro) and

It's quite easy really. The FED has done stuff which doesn't impact you directly, really. However what the ECB(European Central Bank, steward of the euro) and the NBP (Narodowy Bank Polski) have done, impacts you much more directly. https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html https://www.ecb.europa.eu/stats/policy_and_exchange_rates/ke... https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp230504~cdfd11a697.en.html#:~:text=Key%20ECB%20interest%20rates,-The%20Governing%20Council&text=Accordingly%2C%20the%20interest%20rate%20on,effect%20from%2010%20May%202023 https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp2305.... And of course, most relevant, Polish Central Bank: https://nbp.pl/en/monetary-policy/mpc-decisions/interest-rates/ https://nbp.pl/en/monetary-policy/mpc-decisions/interest-rat... The 7% interest rate you get in Poland is based on the one set by the central bank. Note that it is only like this since end of 2022, before that the rate was probably hovering around zero, like the ECB.