Tusk decided on the NBP. "We were threatened with a clinch"

"I accepted the proposed changes"

In accordance with the recommendation of Minister Domański, I signed and countersigned the proposals of the new members of the management board of the National Bank of Poland. We have already sent these documents to the president, because they still need his signature - said the Prime Minister before the meeting of the Council of Ministers.

He added that "someone in our country must think how to stabilize the situation" and "how to stabilize the Polish zloty."

Regardless of what the affairs of President Adam Glapiński look like - I am talking about the proceedings in the Sejm - the National Bank of Poland itself must be protected by all of us against any unnecessary shocks. We were threatened with such a stalemate: lack of a management board, inability to conduct the work of the NBP - and that is why I decided to take this step and this gesture, and accepted the proposed changes - said the Prime Minister.

Key date - November 4

Currently, the management board includes Adam Lipiński - 2nd Vice-President of NBP, whose term of office expires on Wednesday, November 4, 2026, Marta Gajęcka (holds the position until January 1, 2027) and Paweł Mucha, Artur Soboń, Rafał Sura and Paweł Szałamacha - (their terms of office expire in 2028 or 2029 - in the case of Soboń).

Tomorrow, the Monetary Policy Council begins a two-day meeting, during which it will decide on the level of interest rates. The Act on the NBP requires the presence of the president and 6-8 members of the management board, including two vice-presidents. After Lipiński's departure tomorrow, the management board would consist of only five people and there would be no vice-president. This could paralyze key decisions - the management board is responsible for implementing MPC resolutions, supervising open market operations and currency interventions.

In practice, this would mean that even if the Monetary Policy Council sets new interest rates, their implementation may stall.

The problem with the appointment of the NBP management board could also have consequences for the state budget. Without the full management board, it would not be possible to prepare the annual financial report of the central bank and, therefore, to transfer any profit to the budget.

Initially, there was no countersignature

Paweł Głosernaker informed in October that President Karol Nawrocki again sent a decision to Prime Minister Donald Tusk to appoint four members of the NBP management board. This concerns Marta Kightley, as well as three current MPC members: Ludwik Kotecki, Przemysław Litwiniuk and Marcin Zarzecki (Kotecki and Litwiniuk were nominated by the parties of the current coalition, and Zarzecki was nominated by the president). However, Prime Minister Donald Tusk refused to countersign when the same people were appointed by the president to the NBP management board in February. The decision to appoint Kightley, Kotecki, Litwiniuk and Zarzecki was returned without a signature, so it did not enter into force.