Polish president says central bank's Glapinski made good decisions

FILE PHOTO: Swearing in of the new Polish cabinet, in Warsaw·Reuters

WARSAW (Reuters) - Monetary policy decisions taken by the Polish central bank governor have been good, President Andrzej Duda said on Thursday, in a sign of support as Adam Glapinski risks being put before a State Tribunal by the new government.

The new pro-European Union government of Donald Tusk says Glapinski undermined the central bank's independence and also possibly broke constitutional rules that prevent it financing government borrowing when it launched a quantitative easing programme during the COVID-19 pandemic.

Glapinski denies the allegations and has provided robust and often lengthy defences of his record during monthly press conferences.

"I do not agree with all those who criticise the Monetary Policy Council and the governor of the National Bank of Poland for decisions, for example, regarding interest rates and the fight against inflation," Duda said on private Radio Zet.

"I believe that this fight against inflation and the protection of the Polish economy, both during Covid and after, is being carried out effectively and in a prudent and correct way."

President Duda, when asked whether he believed there were grounds to put President Adam Glapiński before the State Tribunal, said: "I am not aware of any such grounds."

(Reporting by Alan Charlish, Pawel Florkiewicz, Anna Wlodarczak-Semczuk; Editing by Toby Chopra)