Poland
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.
Poland upgrading banking laws to EU standards
The Polish government has approved amendments to laws on the banking system and the central bank to upgrade them to European Union standards, a finance ministry official said on Wednesday.
IMF says zloty interventions OK to help reserves
The International Monetary Fund on Wednesday said Poland's central bank could consider foreign exchange intervention to maintain the ratio of foreign reserves to hard currency liabilities.
Lithuanian and Polish cbanks sign supervisory deal
Governors of the central banks of Poland and Lithuania on Thursday signed an agreement to facilitate banking supervision between the two countries.
Balcerowicz proposed for Polish central bank chief
Poland's president on Thursday named Leszek Balcerowicz, the architect of the country's free market reforms in the early 1990s, as his candidate to become the new central bank chief, the presidential press office said.
Lithuania should keep currency board - NBP chief
Lithuania should keep the currency board model as long as the situation of country's economy is unclear, the president of the Polish central bank said in the Vilnius conference on Thursday.
Buba views on Eurozone enlargement upset hopefuls
The Bundesbank's bid to make joining the Eurozone tougher for eager east European applicants has upset candidates but analysts said it will be politically impossible to make the demand stick.
Polish opp party wants cbank head with no politics
The Polish opposition party, Democratic Left Alliance, will ask the president to choose the central bank head from among three candidates - Dariusz Filar, Jerzy Stopyra and Andrzej Slawinski.
Balcerowicz closer to becoming Polish c.bank chief
Leszek Balcerowicz, the architect of Poland's economic reforms after the 1989 fall of communism, looks increasingly certain to become the new chief of the country's central bank, politicians said on Tuesday.