Rate-setter ‘to take over as Polish central bank chief’

Prof. Glapiński, 65, was appointed to his new role by Polish President Andrzej Duda at the request of current central bank chief Marek Belka.

Belka’s six-year term in office ends 11 June.

Glapiński’s appointment as a member of the bank’s management board "is intended to be a signal to the markets, so they are not surprised - a sort of ‘soft transition’ from [Poland’s rate-setting] Monetary Policy Council to the post of governor,” the PAP agency quoted an unnamed source as saying.

Glapiński was appointed a member of Poland’s Monetary Policy Council in 2010, a post he held until 19 February this year.

Meanwhile, the Puls Biznesu daily has reported that Poland’s ruling Law and Justice party is ready to back Belka as a candidate for the new head of the European Bank for Reconstruction and Development. (pk)

Source: PAP/IAR