Poland’s most sensible banker filmed a political debate on his vacation

The head of Poland’s central bank filed a complaint on Monday after being filmed through a hidden camera discussing inflation and fiscal policy with an activist who approached him on a walk.

Some critics said the head of the National Bank of Poland, Adam Glapinski, would possibly have broken the law when he told the woman there would only be an additional quarter-point increase in interest rates. The bank has made a series of increases that have brought the benchmark rate from 0. 5% in October to 6% now.

Poland’s annual inflation in June was 15. 5%, the highest in 25 years. Fuel, energy and food prices have soared. Many Poles say they can’t afford the expansion of monthly payments.

An activist from the farmers’ union Agrounia expressed her thoughts to Glapinski with emotion when she met him at the Baltic Sea hotel in Sopot last week, recording the conversation.

In the video, posted by Agrounia over the weekend, Glapinski calmly pleads with him to take advantage of a new law that allows others to withhold certain monthly bank loan bills as interest rates rise. once back and that inflation next year would be single digits. They shake hands at the end.

Glapinski’s wife, Katarzyna, is heard wishing the woman a victory at Totolotek, once the Polish popular lottery that is still being discussed in that context.

Economist RafałMundry said on Twitter that Glapinski had behaved in a “shocking and irresponsible manner” in revealing plans for the bank’s long-term fiscal policy.

Left-wing opposition lawmaker Tomasz Trela said Glapinski was focused on resting and making statements, describing them as “harmful and compromising. “

Glapinski is also the head of the central bank’s Monetary Policy Board, which sets interest rates. He was blamed for Poland’s peak inflation and accused of reacting too late. His recent appointment for a momentary six-year term has sparked strong opposition protests.

Glapinski, 72, is a longtime close associate of Poland’s toughest politician, ruling leader Jaroslaw Kaczynski.

Another complaint has been directed at the entire right-wing government of Prime Minister Mateusz Morawiecki and the recommendation its members have given to poles amid emerging costs and considerations about the imaginable shortage of heating this winter.

Among the recommendations that caused ridicule, Morawiecki told Poles to isolate their homes before winter and gave them permission to pick up weeds, while President Andrzej Duda encouraged other people to remain “optimistic” and persevere and the education minister advised other people to eat less and friends. often for dinner.

Glapinski’s wife to win the lottery has been added to the list.

___

This tale has been corrected to say that the mandate of the head of the national bank is six years, not five.

Receive U-T Business in your inbox on Monday

Get in position for your week with the week’s most productive business stories of the week from San Diego and California, in your inbox Monday morning.

You may get promotional content from the San Diego Union-Tribune.

Privacy PolicyTerms of UseSubscribe to our newsletters

To follow

Leave a Comment

Your email address will not be published. Required fields are marked *