The whole problem is that the president is now sitting at home and rubbing his hands. Because apart from the fact that his favorite television talks about him and he doesn't care whether it's good or bad, it's important that you talk, we also don't talk about what's important – said Professor Joanna Tyrowicz – member of the Polityka Council Pieniężna in “Fakty po Faktach” in reference to the discussion about increasing the remuneration of the President of the National Bank of Poland, Adam Glapiński.
On Thursday, Money.pl reported that the NBP management board adopted a resolution that increases the bonus, which is an addition to the salary of President Adam Glapiński, by 30%. According to money.pl, the effect of this resolution will be an increase in the remuneration of the head of the central bank – it may increase by PLN 191,000 within a year. zloty.
Read also: Huge increases at the National Bank of Poland. President Glapiński will receive higher bonuses
MPC member, prof. Joanna Tyrowicz was asked in “Fakty po Faktach” about the higher earnings of the head of the central bank.
– The whole problem is that Mr. President is now sitting at home and rubbing his hands, because apart from the fact that his favorite TV station is talking about him and he doesn't care whether it's good or bad, it's important that you say, then we are also not talking about what is important – said Professor Joanna Tyrowicz – member of the Monetary Policy Council in “Fakty po Faktach”. – Which means neither inflation is not on target, nor is it getting close to it, nor were all the decisions made the right decisions, suddenly we make a big fuss. We are making this noise rightly, because it is outrageous, the behavior itself is unacceptable, but he is what he is, she said.
Adam Glapiński asked about his bonus by a TVN24 journalistTVN24
A raise for President Glapiński and the NBP management board
Professor Tyrowicz, when asked by Piotr Kraśko about the resolution granting a raise for the President of the NBP and how she found out about it, confirmed the previously mentioned e-mail thread from another member of the Monetary Policy Council (MPC), Paweł Mucha.
– In the opinion of Mr. Paweł Mucha, the adoption of this resolution was in violation of internal regulations, apart from the very meaning of this resolution, i.e. increasing remuneration for the president. There are a number of materials from the Supreme Audit Office that question the method of determining the remuneration of management board members. Nobody paid attention to it, because who read the thick reports of the Supreme Audit Office, but when the president “came out”, you paid attention to it – she said.
Interest rate cut in 2025?
Tyrowicz asked about the chances that this will happen in 2025 interest rate cuts pointed out a certain problem.
– For Mr. President, everything is “us” or “them”. “We” is not a nation, and “they” is not inflation. What I'm trying to say now is that something else will happen next spring and it has nothing to do with monetary policy, she said. Prof. admitted in the “FpF” studio that it was about the spring presidential elections, which are to be held in May.
When asked whether, in her opinion, there would be room to reduce interest rates, Tyrowicz said that “it is not a matter of my own assessment.”
– I don't see this in any of the NBP models. This is not a matter of my own judgment. The analytical materials presented to us by NBP employees clearly indicate that we are not on target with inflation until the end of the projection horizon, which is currently 2026. So what reductions (interest rates – editor's note) do people want to talk about? – she said. When asked “what does this president say?” Tyrowicz replied that “this president says that there will be elections next spring.”
Main photo source: TVN24