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Text Of Motion To Put NBP Governor On Trial Gets Leaked By Media

POLAND
  • TVN24 reporter Konrad Piasecki leaked the text of a motion to put NBP Governor Adam Glapinski on trial before the Tribunal of State. The motion is based on eight main charges, which include accusations of debt monetisation through the QE programme launched during the COVID-19 pandemic, conducting unauthorised FX interventions, initiating actions inconsistent with the NBP's inflation-fighting mandate, denying some MPC members access to crucial documents, misleading the Finance Minister about the NBP's anticipated financial result, breaching regulations on bonus payments, and displaying political bias towards the Law and Justice party. Piasecki reports that the motion was submitted to the Sejm Speaker on Wednesday and awaits addition to the lower house's agenda.
  • Money.pl circulated a piece noting that Prime Minister Donald Tusk faces a dilemma between appeasing protesting farmers and cultivating relations with the European Commission, with EU ministers due to vote on a key part of the Green Deal next week. The article suggests that domestic concerns may prevail, with Poland prepared to block the regulations, although officials have not yet revealed their voting intentions.
  • Statistics Poland will release February retail sales (BBG est. +7.4% Y/Y) and construction output (BBG est. -0.8% Y/Y) data at 09:00GMT/10:00CET.

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