Independence of the Narodowy Bank Polski and relations with the Parliament of the Republic of Poland Cover Image

Niezależność Narodowego Banku Polskiego a relacje z Parlamentem RP
Independence of the Narodowy Bank Polski and relations with the Parliament of the Republic of Poland

Author(s): Rafał Sura
Subject(s): Law, Constitution, Jurisprudence, Law on Economics, Administrative Law
Published by: Kancelaria Sejmu
Keywords: Narodowy Bank Polski; central bank independence; monetary policy;Constitution of the Republic of Poland;autonomy; price stability;

Summary/Abstract: The position of the NBP at the time of the common market and progressive Europeanisation of the economy and all areas of community life was particularly important. Currently, in the time of the global crisis caused by the SARS-CoV-2 coronavirus, encompassing both the supply and demand side of the world economy, the role of the central bank is increasing. Without its involvement, there would be no effective protective measures, aimed at mitigating the decline in GDP growth in Poland and protecting jobs.The central bank, together with the Polish Government and Parliament, is of key importance for Poland’s economic development, while the independence of the NBP is of major significance for its credibility in financial markets. That is why it is so important to try to answer the questions what the independence of the NBP is and whether constitutional and statutory regulations of the relations between the Parliament of the Republic of Poland and the central bank do not breach this independence.

  • Issue Year: 2021
  • Issue No: 4
  • Page Range: 105-122
  • Page Count: 18
  • Language: English, Polish
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