PSL leader Kalinowski calls for RPP to be modeled on US Federal Reserve

Jaroslaw Kalinowski, leader of the Polish Peasants Party (PSL), which is exp ected to be a coalition partner in the new government, has called for the re form of the Monetary Policy Council (RPP). He said that the RPP, led by Nati onal Bank of Poland (NBP) governor Leszek Balcerowicz, should have three goa ls in its work, and not its current single one of fighting inflation. Kalino wski said the role of the RPP should be similar to that of the US Federal Re serve, which takes into consideration the need not only to combat inflation, but also to guarantee economic growth and curb the level of unemployment. Ka linowski stressed that although he is not an economist himself, the idea of expanding the responsibilities of the RPP has been supported for two years b y many economists, including the likely new Finance Minister, Marek Belka. (Gazeta Wyborcza, p. 18) M.T.