Poland
Poland's Miller denies plan to curb central bank
POLAND - Poland's Prime Minister designate Leszek Miller denied in a radio interview that his future coalition government had agreed to curb the central bank's independence if it does not cut interest rates by 600 basis points over the next six months,…
Noyer: E european c banks should aim for growth
POLAND - Central banks in countries seeking to join the European Union should ensure that their battle against inflation doesn't harm economic growth, a senior official at the European Central Bank said in a speech on Monday 15 October.
Changes made in NBP management
POLAND - In line with the request made by the chairman of the National Bank of Poland (NBP) Leszek Balcerowicz, president Aleksander Kwasniewski dismissed four management members of the central bank and appointed three new ones.
E-Signature law may see PSL reap rewards
POLAND - The Sejm has a new hot topic. The Electronic Signature Act was supposed to unleash the market for advanced online services, but may now become the source of large profits for a company said to have ties with the Peasants' Party (PSL).
Polish c bank urges speedy public finance reform
POLAND - Poland's outgoing deputy central bank head Richard Kokoszczynski on 28 August urged the government to reform public finances quickly or face disgruntled capital markets and possible delays in European Union (EU) accession.
Polish central bank head calls for fiscal reform
POLAND - Leszek Balcerowicz, president of the National Bank of Poland, stressed in a speech made on 10 August to the Polish parliament that tight monetary policy in 2000 had done the most to shelter Poland from worse macroeconomic disturbances that could…
Polish opposition party blasts central bank policy
POLAND - Poland's opposition social democrats, tipped to win general elections in September, blasted the central bank on 4 September for ignoring a slowing economy and mounting unemployment in its ambitious anti-inflation drive.
Emerging markets - round up the usual suspects
CENTRALBANKNET'S SPECIAL REPORT - A little local difficulty or the beginning of a global shake-down? First Turkey, then Argentina - next stop Brazil? Or south-east Asia? The omens are not good as emerging markets from Poland to Pretoria feel the effect…
Central Europe govt's on collision with c-banks
CZECH REPUBLIC - With elections due in all three of central Europe's leading economies in the next year, governments seeking to raise public sector spending risk bruising rows with their central banks.
Central bank Cooperation planned
POLAND - The National Bank of Poland (NBP) has officially signed cooperative agreements with its French and Italian counterparts at a ceremony in Warsaw.
Polish MPC should explain not preach
POLAND - Poland's Monetary Policy Council (MPC) needs to explain better to the public the rationale behind its high interest rates or face a "war" with an increasingly hostile government, a top independent economist said on 12 June.
Polish c-bank to reveal wages of top officials
POLAND - The National Bank of Poland (NBP) will reveal the salaries of its top officials on 7 June after deputies questioned why the pay of public servants was secret, senior central bank official Pawel Narozny said.
Polish govenor scores low in poll
Poll: Poland's central bank governor not trusted according to a poll of Polish adults
IMF articles on reform and restructuring in Asia
ARTICLES - The International Monetary Fund has published the March issue of its quarterly magazine Finance and Development. There are six articles on reform and restructuring in Asia. Other articles on the role of capital in development, the effect of…
Central bank independence in Poland from 1924-26
ARTICLE - In an article in Public Budgeting & Finance, Gail Makinen from the Congress Library looks at the success of Poland's 1924-26 stabilisation plan. She concludes that a balanced budget may be more important to achieving price stability than…
Poland cuts interest rates by 100 bp
POLAND - Poland's Monetary Policy Council (MPC) cut its interest rates on Mar 28, 2001 by 100 basis points to between 17 and 21 percent, the National Bank of Poland said in a statement.
Is inflation targeting feasible in Poland?-article
ARTICLE - "Is inflation targeting feasible in Poland?" is a new article in the journal The Economics of Transition, Volume 9: Issue 1, co-written by Peter Christoffersen at McGill University, and Torsten Slk and Robert Wescott at the International…
Polish rate cuts hinge on meeting '03 inflation
Polish policy-makers will not cut interest rates until confident there is no danger to the medium-term inflation target, central bank chief Leszek Balcerowicz said in a newspaper interview published on Feb 26, 2001.
Polish leftist MP wants to change c.bank charter
A senior deputy from the ex-communist SLD social democrats, the party expected to win upcoming parliamentary elections, said the central bank's charter should be changed, a newspaper reported on Feb 13, 2001. Marek Borowski, SLD's deputy speaker of the…
Poland NBP implements new risk prevention methods
The National Bank of Poland (NBP) central bank and the Banking Supervisory Commission (KNB) will impose new principles of protection against the foreign currency risk and gold risk. Consequently the minimum solvency index for banks will rise from 8 to 11…
Polish c.banker hazy on timing of switch to euro
Poland's new central bank chief Leszek Balcerowicz said on Feb. 6, 2001, the timing of the country's eventual switch from the zloty to the euro after joining the European Union was still an open issue.Balcerowicz's statement backs away from his…
Polish refomer Balcerowicz new central bank chief
Poland's best known reformer, Leszek Balcerowicz, admired and despised in equal measure for his rigorous free market beliefs, has again returned to guiding his country's economic transition, this time as central bank chief.
Polish parliament backs Balcerowicz for c.bank
Poland's Sejm public finance committee on Tuesday voted in favour of the candidacy of Leszek Balcerowicz for head of the Polish central bank.
Dariusz Rosati defends Poland's monetary policy
Dariusz Rosati, former finance minister and member of the central bank's monetary policy council (RPP), responded in a recent issue of the current affairs weekly Polityka to a critical article by Professor Andrzej Sopocko. Edited excerpts follow.