Monetary Policy Council
Encyclopedia
The Monetary Policy Council, Polish
: Rada Polityki Pieniężnej, (RPP) is a body of the NBP.
Each year, in parallel with the budget project presented by the government, the MPC sets the bases of monetary policy. It sets the level of the NBP’s interest rates, the rules and levels of bank’s reserve obligations, sets an upper limit on obligations resulting from loans taken by the NBP in foreign banking and financial institutions.
The MPC is made up of: Council Leader, who is the President of the NBP, and nine other members, selected in equal parts by the President of Poland, the Sejm
and the Senate
. Members of the MPC are chosen to serve for six year terms.
Polish language
Polish is a language of the Lechitic subgroup of West Slavic languages, used throughout Poland and by Polish minorities in other countries...
: Rada Polityki Pieniężnej, (RPP) is a body of the NBP.
Each year, in parallel with the budget project presented by the government, the MPC sets the bases of monetary policy. It sets the level of the NBP’s interest rates, the rules and levels of bank’s reserve obligations, sets an upper limit on obligations resulting from loans taken by the NBP in foreign banking and financial institutions.
The MPC is made up of: Council Leader, who is the President of the NBP, and nine other members, selected in equal parts by the President of Poland, the Sejm
Sejm
The Sejm is the lower house of the Polish parliament. The Sejm is made up of 460 deputies, or Poseł in Polish . It is elected by universal ballot and is presided over by a speaker called the Marshal of the Sejm ....
and the Senate
Senate of Poland
The Senate is the upper house of the Polish parliament, the lower house being the 'Sejm'. The history of the Polish Senate is rich in tradition and stretches back over 500 years, it was one of the first constituent bodies of a bicameral parliament in Europe and existed without hiatus until the...
. Members of the MPC are chosen to serve for six year terms.
1998 - 2004
- Hanna Gronkiewicz-WaltzHanna Gronkiewicz-WaltzHanna Beata Gronkiewicz-Waltz is a Polish liberal-conservative politician who has been the Mayor of Warsaw since 2 December 2006. She is the first woman to ever hold this position....
(until 2000) - President of NBP - Chairman of the MPC - Leszek BalcerowiczLeszek BalcerowiczLeszek Balcerowicz is a Polish economist, the former chairman of the National Bank of Poland and Deputy Prime Minister in Tadeusz Mazowiecki's government...
(since 2001) - President of NBP - Chairman of the MPC - Marek Dąbrowski
- Bogusław Grabowski
- Cezary Józefiak
- Janusz Krzyżewski (deceased 2003)
- Wojciech Łączkowski
- Jerzy Pruski
- Dariusz RosatiDariusz RosatiDariusz Kajetan Rosati is a Polish professor of economics and a politician who is a member of the European Parliament .-Biography:...
- Grzegorz Wójtowicz
- Wiesława Ziółkowska
- Jan Czekaj (since 2003)
2004 - 2010
- Leszek BalcerowiczLeszek BalcerowiczLeszek Balcerowicz is a Polish economist, the former chairman of the National Bank of Poland and Deputy Prime Minister in Tadeusz Mazowiecki's government...
(until January 10, 2007) - President of NBP - Chairman of the MPC - Sławomir SkrzypekSławomir SkrzypekSławomir Stanisław Skrzypek was the President of the National Bank of Poland from 2007 until his death in 2010...
(since January 10, 2007) - President of NBP - Chairman of the MPC - Jan Czekaj
- Dariusz Filar
- Stanisław Nieckarz
- Marian Noga
- Stanisław Owsiak
- Mirosław Pietrewicz
- Andrzej Sławiński
- Halina Wasilewska-Trenkner
- Andrzej Wojtyna