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The Warsaw Voice » Business » June 14, 2013
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Finance Ministry eyes two-term cap for rate setters
June 14, 2013   
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Poland's Finance Ministry plans to revise the central bank NBP law in order to raise the cap on the number of terms for Monetary Policy Council members from one to two terms, PAP Polish news agency reported citing a statement from the ministry.

"Within the planned amendment to the NBP law, the Finance Ministry wants to introduce the possibility of serving a term in the Monetary Policy Council up to two times," the ministry said.

At issue are earlier unofficial reports that the ministry wants to introduce multiple terms for council members. At the moment, the council members can serve only one term.

The proposal was criticized by the NBP, which said that the move could be viewed as an attempt to limit the council’s independence.
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