The head of the Polish central bank is angry about statements made by his council colleagues.
(Photo: IMAGO/NurPhoto)
Warsaw There is a commotion in the executive floor of the Polish central bank. Federal Reserve Chairman Adam Glapinski and four other members of the Monetary Policy Council threatened legal action against other members of the governing body that decides interest rates on Tuesday. Reason are their public statements about monetary policy.
The names of the colleagues concerned were not mentioned in the joint statement by the council members. But her move follows Monday’s criticism of the Monetary Policy Council’s workings by two of its members, Przemyslaw Litwiniuk and Joanna Tyrowicz.
“We accept and expressly disapprove of acts which, in our opinion, may constitute a violation of the above provisions of the Act, and we therefore believe it warrants that we consider reporting a suspected criminal offense in this case,” the joint statement said by Glapinski and his colleagues.
“In particular, a member of the council may not engage in any public activity outside of research, teaching or authorship.”
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Litwiniuk had previously complained in an interview that the council members’ freedom of action was restricted. Tyrowicz, in turn, published an amended version of the most recent press release after a council meeting. In it, she wrote that the body was not taking the necessary measures to curb inflation.
Signature of several council members
The declaration was signed by Glapinski, Cezary Kochalski, Wieslaw Janczyk, Ireneusz Dabrowski and Henryk Wnorowski. The remaining council members are Tyrowicz, Litwiniuk and Ludwik Kotecki, a former deputy finance minister who is critical of the current monetary policy stance.
All three were appointed by the Senate, which is controlled by the opposition. Poland’s parliament last Thursday approved the appointment of Iwona Duda and Gabriela Maslowska to the council to fill vacancies on the ten-member body.
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