NBP to safeguard against volatile times

An amendment to the National Bank of Poland act will prepare the nation's financial system for extreme situations, exclaimed NBP president Marek Belka. At the same time explaining that he does not expect volatile situations to occur during his tenure as president of the NBP, reported PAP. "We must be prepared for extreme situations, to be able to act proactively and to build an arsenal before its needed. We must also look beyond the horizon of our current experience. We are learning on other nation's mistakes, so that we don't make mistakes of our own," added Belka. In the communication, the Monetary Policy Council (RPP) and the NBP share the same opinion that the constitutional prohibition of financing the budget deficit should be strictly adhered to.