In brief

• Przemysław Litwiniuk and Ludwik Kotecki resigned from membership of the Monetary Policy Council (RPP) after being appointed to the management board of the NBP.
• The Marshal of the Senate filed motions to dismiss them, and the chamber was due to consider them on 6 November.
• After their dismissal, two vacancies will arise in the Monetary Policy Council.

Resignations after appointment to the NBP management board

Przemysław Litwiniuk and Ludwik Kotecki submitted written resignations from their positions as members of the Monetary Policy Council (Dwóch członków rezygnuje z RPP. Zmiany w banku centralnym – Business Insider Polska) (Marszałek Senatu wnioskuje o odwołanie z RPP P.Litwiniuka i L.Koteckiego w związku z ich rezygnacją – Biznes PAP). The reason was a change in their positions: President Karol Nawrocki appointed both economists to the management board of the Narodowy Bank Polski as deputy presidents (Nawrocki powołał nowych członków zarządu NBP. Kightley i Litwiniuk wiceprezesami – Bankier.pl). Their new functions at the central bank are incompatible with their mandate in the RPP, which is why resignation was necessary.

Marshal of the Senate files motions

On 4 November the Marshal of the Senate filed motions to dismiss both members from the composition of the RPP. The upper chamber was due to take them up at a sitting scheduled for 6 November (Głosowanie Senatu ws. odwołania Litwiniuka i Koteckiego z RPP po ich rezygnacji w piątek 6 XI – PAP Biznes).

Two vacancies on the council

Friday's Senate vote is set to formally close the matter of both members' departure. Once it concludes, two vacancies will arise in the RPP (Senat odwołał Koteckiego i Litwiniuka z RPP. Wakaty po transferze do zarządu NBP – Bankier.pl). The council, which sets interest rates, will operate with a reduced composition until successors are named.

New NBP management board

Marta Kightley and Marcin Zarzecki have also joined the central bank's management board. The makeup of the board and the council shows that the changes affect the two most important bodies of the NBP at the same time.

Read also

• Nawrocki powołał nowych członków zarządu NBP. Marta Kightley pierwszą zastępczynią prezesa