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Balcerowicz Critical of Extending NBP's Powers.

Europe Intelligence Wire

| June 30, 2006 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Polish News Bulletin)

In the opinion of National Bank of Poland (NBP) head Leszek Balcerowicz, proposals to amend the NBP Act could lead to exerting political pressure on the institution. According to the coalition agreement signed by Law and Justice (PiS), Self-Defence (Samoobrona) and the League of Polish Families (LPR), the NBP would also be responsible for economic growth. "The only thing the central bank should have influence over are interest rates. Reducing taxes, public finance reform …

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