National Bank in turmoil

16th April 2010

It is still unclear who will replace Skrzypek

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The tragic death of the head of the National Bank of Poland Slawomir Skrzypek in Saturday’s plane crash leaves questions open about who will replace him, and how his loss will affect monetary policy and other issues.

The succession issue is a major one, since both the parliament and the president must make the choice jointly. Because President Lech Kaczynski was also killed in the crash, it is unclear whether a permanent replacement will or even can be made before the presidential election scheduled for June.

The Monetary Policy Council, which determines interest rates and is headed by the NBP president, announced on Monday that Vice-Chairman Piotr Wiesiolek will preside over the bod ...

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