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Conflict in the MPC. “The responses did not meet the criterion of good practice”

Conflict in the MPC. “The responses did not meet the criterion of good practice”

“The functioning of the collegial body, which is the Monetary Policy Council, is associated with both the independent work of the MPC members and their cooperation within the entire Council and within the NBP,” reads the MPC’s position on the open letter of former NBP governors published on the NBP website.

“The Monetary Policy Council shares the position of the NBP management board. At the same time, it points out that in the collective body, apart from the statutory and regulatory solutions, the so-called good practices are very important, the fulfillment of which should also be an important criterion for assessing the activity of MPC members. Unfortunately, recently the statements of MPC members elected by the Senate did not meet the criterion of good practice“- it was written in the MPC position. The position does not contain information about which of 10 MPC members signed it.

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