Polish rate setter Gilowska steps down
October 7, 2013
Monetary Policy Council member Zyta Gilowska stepped down from her post on the rate setting body in a resignation that has been accepted by the Polish President Bronislaw Komorowski, a statement on the President's website read.
Gilowska had missed council sittings in early 2013 and mid 2012 amid reports of health problems. One local radio station said that health concerns were cited in Gilowska's resignation.
Gilowska, an appointee of the late President Lech Kaczynski, has been on the council's hawkish wing during her term, the MPC voting record shows. In the easing cycle just closed, she supported only the December 2012 rate cut and has voted against every cut in 2013 for which she was present for voting.
President Komorowski will have three months to name a replacement, but a spokesperson for his office. Joanna Trzaska-Wieczorek said a nomination would likely come sooner.