A top Polish policy maker warned that delaying the appointment of a central bank governor poses a risk for the country’s economy as the ruling party struggles to secure a majority to extend governor Adam Glapinski’s term.
Przemyslaw Litwiniuk, a member of Poland’s interest rate-setting body who didn’t offer an explicit endorsement for Glapinski, said that resolving the political standoff was necessary to help stabilize eastern Europe’s largest economy and the Polish currency.
“An urgent and broad political agreement is needed in this matter,” Litwiniuk told Bloomberg News in an interview, citing parliamentary delays for two other members of the central bank’s Monetary Policy Council as well. […]
(Bloomberg News, Dorota Bartyzel, 2022-04-22 11:41:34.321 GMT)