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Free AccessOpposition Civic Platform SecGen Suggests Party Would Seek To Remove NBP Chief After Election
The main opposition Civic Platform would seek to oust National Bank of Poland Governor Adam Glapinski if it wins the parliamentary election this autumn, its Secretary General Marcin Kierwinski said in an interview with Polsat News.
- Kierwinski noted that the Civic Platform would hold officials who are to blame for runaway inflation accountable and will "be moving [Glapinski] out of the NBP." The opposition has been arguing that the central bank under Glapinski's leadership has bowed under political pressure and failed to contain price pressures in time.
- Asked about the legal basis for ousting the NBP chief, Kierwinski accused him for failing to pursue the central bank's legally defined mandate. He added that the Civic Platform's lawyers have "prepared a specific scenario" but he cannot reveal the details to prevent the ruling coalition from taking any pre-emptive action.
- Prime Minister Mateusz Morawiecki commented that "in principle, it is not the government's task to assess the NBP," adding that the central bank under Glapinski's leadership is "very autonomous" and acts on "the best available data."
- It is unclear how the opposition party wants to remove the NBP Governor if it wins the election. Last year, some have been raising doubts about Glapinski's eligibility to serve for the second term, but this view did not ultimately gain much traction.
- In any case, even if the Civic Platform does win the upcoming parliamentary election, it is very unlikely to govern alone and any such moves would have to be coordinated with coalition partners.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.