Re-election of Adam Glapiński to calm the in face of war in Ukraine

Last week, the Parliamentary Public Finance Committee gave a positive opinion on the candidacy of prof. Adam Glapiński for a second term in the chair of the President of the National Bank of Poland.

"His election should be quite quick. Delaying this process for too long would mean that there are some problems, tensions, there is no consensus on this candidature, that it is not known what could happen," Dr. hab. Bartłomiej Biskup from the University of Warsaw indicated.

The expert emphasized that the arguments for extending the term of the current head of the NBP include, inter alia, the need to calm the political and economic situation in the face of the war in Ukraine, and the sooner this happens, the faster and stronger the effects will be. For Glapiński himself, it will be a possibility to bring inflation within the limits of the target.

The current term of office of prof. Adam Glapiński as President of the National Bank of Poland is due to end in June this year. However, President Andrzej Duda in January this year has applied for his appointment in this role for a second term, and the motion in this matter was submitted to the Sejm. Whether prof. Adam Glapiński will remain as the head of the central bank until 2028, it now depends on the parliamentary majority. Voting on this matter is preceded by the opinion of the Parliamentary Public Finance Committee – on Wednesday, April 13 this year. it gave a positive recommendation. There were 27 MPs for this candidacy, 26 against.

(Newseria)