NBP Governor threatens to quit over Monetary Policy Council actions

According to unofficial information from Parkiet, the governor of the National Bank of Poland (NBP) Leszek Balcerowicz has delivered an ultimatum to the government threatening to step down if he is not given the possibility of giving an opinion on the candidates to the Monetary Policy Council (RPP). According to the chief economist at BPH PBK Krzysztof Rybiński, who is Parkiet's source of the information in question, Balcerowicz has run a very amicable monetary policy so far adding that, since February 2002, all the decisions to cut interest rates have been accepted or even supported by Balcerowicz. (Parkiet, p.1 ) A.Z.