Will the new president of the NBP will maintain independence – Official Polish

Parliament appointed prof. Adam Glapiński to the position of President of the Polish National Bank. The vote was 284 deputies, 124 deputies against and 34 abstained. Adam Glapiński replace Marek Belka, who turns 6-year term.

– Election of the President of the NBP is an event with potentially large consequences. Nominations Personal PiS in many areas of the state and the economy is in doubt or even concern.

New Monetary Policy Council and the new president of the NBP such doubts, at least for now, fortunately, do not raise – said prof. Stanislaw Gomulka, chief economist at the BCC, a member of the National Development Council. According to him, serious test for the new president will be a reference to the current proposal of the President Andrzej Duda on mortgages in Swiss francs and other currencies. – NBP President should insist that these proposals have evolved in the right direction, so to avoid or to charge the public sector, nor to the collapse of the creditworthiness of several major banks – emphasizes prof. Gomulka.

Adam Glapiński from March 1 is already a member of the Management Board of the NBP. He declared that if he is president of the National Bank of Poland, will take care of central bank independence and to maintain interest rates at a level similar to the current. Also announced that it will include the Financial Supervision Commission in the structure of the NBP.

– The location of financial supervision is a secondary issue in relation to its powers, which should continue to be high – says prof. Gomulka. Recalls that in the context of the so-called. Morawiecki plan appears to offer a mass increase of very low-interest loans for small and medium-sized state-owned banks (BGK, PKO BP), based on NBP special credit lines for these banks. – NBP should ensure that, to avoid the so-called explosion. bad debts – warns expert BCC.

Prof. Glapiński is an advocate of “a stable and conservative monetary policy.” In an interview with Bloomberg said: “There is no doubt that we will continue to make policy, stabilizing and avoid all imbalances. It will be a conservative, traditional and classical on monetary policy. There will be increased spending, if not more influence to the budget. ”

President of the NPB assumed PC

Adam Glapiński born. in 1950. in Warsaw. He graduated from the School of Planning and Statistics in Warsaw. In 2013. He received the title of professor.

In the 80s, he worked in the underground Solidarity. In 1990. He was a co-founder of the Center Alliance (then his vice-president) and the Warsaw branch of the Liberal Democratic Congress. The position of the minister of construction and land occupied in the government of Jan Krzysztof Bielecki. The government of Jan Olszewski served as minister of foreign economic cooperation. He was a deputy and senator.