WARSAW: Former rate-setter Adam Glapiński was on Tuesday sworn in by parliament as the new head of Poland’s central bank for a six-year term. In a short speech, Glapiński said he would defend the independence of the central bank.
He added: “I will not forget the obligation to support the government’s economic policy, as long as this is not in conflict with maintaining price stability, which is the basic objective of the National Bank of Poland.” Glapiński replaces Marek Belka, whose term as governor of the National Bank of Poland expired earlier this month.
A former economic advisor to the late President Lech Kaczyński, Glapiński was appointed a member of Poland’s rate-setting Monetary Policy Council in 2010. After his term ended in February, Glapiński was appointed to NBP’s management board in March. Before joining the Monetary Policy Council, Glapiński presented himself as a supporter of a strong state presence in the economy and as an opponent of an early adoption by Poland of the euro.
