Mar 20 β€’ 19:12 UTC πŸ‡΅πŸ‡± Poland Rzeczpospolita

Donald Tusk: I take the proposal of the NBP president and the president seriously

Donald Tusk acknowledges the seriousness of the proposals made by the National Bank of Poland president and the president of the country regarding the economic outlook and performance of the bank.

Polish Prime Minister Donald Tusk has commented on recent discussions regarding the National Bank of Poland's (NBP) financial projections and the government's economic policy. Following a ten-day period since a meeting at the Presidential Palace, he noted the lack of substantial documentation from NBP President Adam GlapiΕ„ski detailing a path to profitability from the reported losses. Tusk expressed skepticism about the claims suggesting that a recovery from 100 billion zlotys in losses to profitability is feasible without adequate explanation, hinting at a possible political maneuver behind the lack of transparency.

During his remarks, Tusk emphasized the fundamental principle of central bank independence, referring to it as a cornerstone of civilized states. He pointed out that while the NBP president may not be entirely politically independent, the bank itself must maintain a separation from governmental influence. This independence is crucial for the central bank's decision-making about profits and losses and for maintaining credibility in the financial system. The Prime Minister's comments reflect concern over the implications of recent financial strategies and their potential impact on Poland's economic stability.

Tusk's assertion about the need for clarity and reliable information on the bank's financial situation underscores a growing tension between the government's expectations and the central bank's operations. As discussions continue, the government faces pressure to ensure transparency and accountability in economic management, which could affect public trust and confidence in both the government and financial institutions moving forward.

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