Poland edged towards hyperinflation towards the latter half of 1989, but inflation fell dramatically after drastic reforms were enacted in January of 1990. We analyse the consistency between fiscal deficits and inflation targets and assess Poland's domestic and foreign debt management policies and the impact of the Brady debt reduction agreement on the relationship between fiscal deficits and inflation. We also assess the impact of financial sector measures on seigniorage revenue and the sustainability of the low inflation strategy. Such policies are shown to have a direct impact on the sustainability of inflation targets.