New head of Central Bank will have four pillars of his operations

09-01-2007, 14:54

Warsaw (Puls Biznesu) – Independence, transparency, credibility and state-of-the fact are going to be the four pillars for the new head of the National Bank of Poland.

Warsaw (Puls Biznesu) – Independence, transparency, credibility and state-of-the fact are going to be the four pillars for the new head of the National Bank of Poland. 

Slawomir Skrzypek, the candidate for the head of the National Bank of Poland (NBP), is supported by coalition MPs of the Public Finances Commission. Opposition is against. The MPs did not learn much about his views when they yesterday questioned him for over three hours.

“I’m not a declared supporter of any of the options in the monetary policy. NBP head’s role is to look for the consensus and this is what I’m going to do”, he declared.

The candidate said that he respected the independence of the central bank and said he would see to the value of the money. On the other hand, however, he said that it is important to support economic growth.

“In my activities, the economic growth will be present although we should not forget to curb inflation”, Slawomir Skrzypek said. 

He does not exclude that the law about the NBP could be amended. He did not say much about his views on interest rates.

“The Monetary Policy Council is the proper body to discuss this issue. It will make decisions basing on credible data”, Slawomir Skrzypek added.

He said that he did not expect radical changes here. He did not say much more about Poland’s entry to the euro zone.

“I’m neither on the side of the supporters nor the people who are against it because my information environment is not proper. Until I have a SWOT analysis, we talk about views and not decisions. I need 100 days to make final statement in this respect”, Mr. Skrzypek promised. 

There were several pitfalls waiting for him. When asked about the financial circles, Slawomir Skrzypek said that late Wim Duisenberg is the head of the European Central Bank. 

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