The paper presents the monetary and fiscal condition indicators as well as policy mix indicators for Poland, the Czech Republic and Hungary, calculated according to the methods suggested in Methods of quantitative assessment of monetary and fiscal conditions and policy mix in acceding countries ("Bank i Kredyt" No. 6/2003). The Monetary Condition Indicator (MCI) is based on the deviation of the real effective exchange rate and the real interest rate. Calculated in such a way Poland's MCI seems to be of greater statistical significance and to better reflect the actual monetary conditions than the MCI calculated by various institutions. In addition, the paper shows that the MCI is quite insensitive to changes in the weight value considered to be characteristic of exchange and interest rates. In Poland, the monetary policy has become more and more relaxed for over a year, whereas in the Czech Republic and Hungary it has been tightened. Fiscal condition indicators and the analysis of the policy mix show that in Hungary the co-ordination of the policies of the central bank and the Ministry of Finance is better in Hungary than in Poland.