“The attack on the NBP president did not start today. This attack has been going on for several years,” said Marta Kightley, first vice president of the NBP, who was a guest of Telewizja wPolsce.pl.
Michał Karnowski’s interlocutor recalled that the demand to summon the NBP president to the State Tribunal had already appeared during the election campaign.
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We clearly refer to this. This is in no way consistent with the standards of developed countries, for which the central bank is an institution of paramount importance for the entire financial system and economy.
Kightley said.
The independence of the central bank is of great importance so that the bank can guarantee price stability and maintain the stability of the entire financial system. This is in no way consistent with the standards of developed countries
– she noted.
We inform the European Central Bank about this situation and communicate the important role that the central bank plays
– emphasized the first vice president of the NBP.
Referring to the coalition’s December 13 attacks on Prof. Adam Glapiński, said:
We read it as busy.
As she added:
We clearly indicate that this is busy and can relate to different areas.
The role of the Polish zloty
Marta Kightley drew attention to the role of the Polish zloty.
We have repeatedly emphasized the importance of having Polish currency. (…) We owe the development of the economy in recent years to the existence of the Polish currency. (…) It is a currency that serves us, and there are many reasons for that
– she said.
We have started the fight against inflation. The Monetary Policy Council had earlier started taking decisions to raise interest rates
– recalls the first vice president of the NBP.
The Polish zloty acted as a buffer. (…) It is an automatic stabilizer. For example, in 2008, during the crisis, the Polish zloty depreciated, which benefited the Polish economy. Until the pandemic, the Polish economy had never recorded a decline in GDP, and after the pandemic started, only once: only 2%, but we recovered.
– Kightley explained.
Attempts at Prof. Glapiński
Marta Kightley indicated what could be the consequence of attempts to persuade Prof. to be removed from office. Adam Glapinski.
A bank without a president is a much weaker bank. (…) It is very important that the central bank in a developed country is an independent bank and can make decisions independently
– she said.
These attacks, which have been going on for a long time, serve to weaken the central bank and make it more difficult for the central bank to achieve its goals. Because if we attack, we say that wrong decisions are being made, we accuse the bank of causing inflation, the social situation of the central bank will also deteriorate
– added Michał Karnowski’s interlocutor.
gah/wPoland
Source: wPolityce