Peasant's Party calls on Sejm to curtail some powers of the Central Bank

Polish Peasant's Party (PSL) is proposing to get rid of some powers of the National Bank of Poland (NBP), in particular those of the Monetary Policy Council (RPP). According to PSL, members of the RPP ought to be answerable to the Sejm and liable to dismissal for activity with adverse social and economic effects on the country. PSL further wants RPP responsibilities to extend beyond just fighting inflation and to include effective protection of the zloty. PSL believes the RPP is dominated by orthodox monetarists whose primary objective has been the manipulation of interest rates and floating the currency, an approach that, according to PSL, was responsible for the increase of the current account gap and leaves the country vulnerable to a currency crisis. (Gazeta Wyborcza, p.24).