Łukasz Hardt, an economist who sat on the Monetary Policy Council in 2016-2022, was called by the parliamentary committee of constitutional responsibility. He is to testify as a witness in connection with the proposal of a group of deputies of March 2024 for the President of the NBP Adam Glapiński before the State Tribunal.
See also: “The subject of the State Tribunal is closed to us.” The Vice President of the NBP speaks
Łukasz Hardt spoke publicly before testifying. On website X, he passed on his position in this matter. “I will repeat what I said publicly, also during the mandate of a member of the Monetary Policy Council: carried out by the NBP during the Covid1 Pandemic period, the purchase of tax securities and debt securities guaranteed by the State Treasury on the secondary market as part of structural operations of open market were economically justified and were within the framework of the law specified in the law” – wrote a former member of the MPC.
“In the face of pandemic shock, the NBP monetary policy, like virtually all central banks of the world, was largely focused on the preservation of the patency of the monetary transmission channels and the purchase of assets served. Without a strongly accommodating monetary policy of the NBP Polish economy, the Polish economy would suffer irreparable losses, and most of the last decades could be lost.”
“In this context The allegations of the purchase program described in the application of the group of deputies to the Sejm of the Republic of Poland of March 26, 2024 for the attitude towards the Tribunal of the State of the President of the National Bank of Poland are not only unfounded, but agree in the constitutionally guaranteed guaranteed independence of the NBP and its exclusive competence to conduct monetary policy” – he emphasized.
The beginning of the committee meeting, during which Łukasz Hardt is to be interviewed on Tuesday at 11. It will be a closed meeting.
