Poland
Balcerowicz: Maastricht convergence opportunity
INTERVIEW - Summary of an interview with Leszek Balcerowicz, governor of the National Bank of Poland and chief of its Monetary Policy Council. The interview was published in a recent issue of Gazeta Wyborcza.
Polish gov't may seek halt to c bank independence
POLAND - The Sejm (lower house of parliament) public finances committee will resume legislative work on changes in the law on the Polish National Bank (NBP) after it has finished work on the 2003 budget, that is in the second half of November, committee…
National Bank of Poland - Annual Report 2001
ANNUAL REPORT - The National Bank of Poland has published its Annual Report for the year ended 2001.
Polish central bank wants Poland in euro zone 2006
POLAND - The Polish National Bank (NBP) wants Poland to join the euro zone in 2006, but does not rule out that the entry will take a year later, PAP News Agency reported NBP Deputy Governor Andrzej Bratkowski as saying on Tuesday.
Poland's central bank to maintain floating rate
POLAND - Poland's Central Bank (NBP) will maintain the free-floating exchange rate, the institution's head Leszek Balcerowicz announced on Tuesday.
Polish central bank confirms 2003 inflation target
POLAND - Criticism of the government's 2003 budget draft has begun to eat into some of its expectations. The Monetary Policy Council (RPP) and central bank are especially dubious with regard to the economic growth rate, set at 3.5 percent by Finance…
Poland's central bank cuts rates
POLAND - Poland's central bank on Wednesday reduced its key interest rates by a half percentage point, making its sixth cut this year against the backdrop of a sluggish economy and falling inflation.
Polish gov't freezes top state officials salaries
POLAND - The government decided to freeze salaries of top state officials in 2003, government spokesman Michal Tober told a news conference on Tuesday. The freeze includes all senior central bank staff.
Poland's c bank head concerned over debt-GDP ratio
POLAND - Central Bank President Leszek Balcerowicz expressed concern over the growth of public debt in relation to GDP while speaking to Radio One in Poland on 29 August.
Poland: Fin Min, central bank want fast euro entry
POLAND - A joint finance ministry and Polish National Bank team that is preparing an exchange rate strategy before Poland's entry to the European Union, agreed that Poland should join the euro zone as a matter of urgency, Deputy Finance Minister Ryszard…
Polish Statute questioned by Banking Supervisor
POLAND - Bank Gospodarki Zywnosciowej (BGZ) statute changes that would give the Polish state treasury a privileged position among shareholders have been challenged by the central bank president Leszek Balcerowicz, who also chairs the Banking Supervisory…
Stagnation warning from Poland's central bank
POLAND - GDP increases and the business climate will remain low in the third quarter of the year while economic growth will be buoyed by exports, the Polish National Bank said in a business climate research report released on Tuesday.
The Polish conflict
Stanislaw Gomulka surveys the institutional causes and economic consequences of the bitter dispute between the government and central bank in Poland. The inexperience of both suggests a European solution.
Polish e-signature centre may break EU law
POLAND - The privileged position of Centrast accreditation centre and the high fees that the subsidiary of the central bank plans to charge may be against the rules set forth in an EU directive on the e-signature, released in 1999.
Poland moves closer to the euro
POLAND - The National Bank of Poland (NBP) and Finance Ministry officials have begun to prepare a long-term strategy on adopting the euro, a senior central bank official has said.
Floating rates are good for Zloty says Balcerowicz
POLAND - "We won't have fast economic growth if we don't heal public finances," said Leszek Balcerowicz, governor of Poland's central bank, in a speech before parliament on Tuesday.
Poland's c bank wants talks with finance minister
POLAND - The National Bank of Poland (NBP) has declared it wants dialogue with the finance minister following the 16 July presentation of his strategy, NBP president Leszek Balcerowicz has said.
Polish c bank's new duties may be unconstitutional
POLAND - The Constitutional Tribunal is likely to judge the planned amendments to the legislation regulating the duties of Poland's central bank unconstitutional, claims Mieczyslaw Czarniawski, head of the parliamentary Public Finance Committee.
Poland's central bank chief 'in the line of fire'
POLAND - The Polish owner of a shooting range has found himself in trouble over images of the central bank governor's face which have been used as targets.
Speech by W. McDonough, New York Fed Bank, 2 Jul
SPEECH - In a speech titled 'The importance of central bank independence in achieving price stability' McDonough extolled the virtues of central bank independence and reiterated the importance of maintaining price stability for an economy.
Radicals want Polish central bank chief dismissed
POLAND - The Self-defence farmers' trade union (Samoobrona) radical farmers' union filed a draft resolution with the Sejm (lower house of parliament) on Wednesday for a dismissal of central bank head Leszek Balcerowicz.
Fed's McDonough - Price stability has many virtues
POLAND - In a speech extolling the virtues of central bank independence, Federal Reserve Bank of New York President William McDonough reiterated the importance of maintaining price stability for an economy.
Polish central bank head denies resignation rumour
POLAND - Central bank president Leszek Balcerowicz denied rumours on Friday that he wanted to resign as the Polish National Bank (NBP) president and the Monetary Policy Council (RPP) head.
Vision not aggression says Polish c bank chief
POLAND - "There is no conflict between the Polish central bank and the government when it comes to real economic issues. What we see is the government's aggression against an independent state institution, something unheard of in the civilized world. In…