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Karol Nawrocki will decide on the future of the NBP. But not right away
During his tenure, Karol Nawrocki will need to appoint a successor to Adam Glapiński as the president of the National Bank of Poland. However, significant decisions regarding this matter will not occur until 2028. The outcome may largely hinge on the results of the forthcoming parliamentary elections.
The National Electoral Commission revealed the official results of the second round of the presidential election on Monday morning. The victor was Karol Nawrocki, the candidate backed by Law and Justice, who secured 50.89 percent of the votes. Rafał Trzaskowski, representing the Civic Coalition, garnered 49.11 percent of the electorate’s support. Voter turnout was 71.63 percent.
Karol Nawrocki will choose the president of the National Bank of Poland
Adam Glapiński’s second term as president of the National Bank of Poland will conclude in 2028. At that point, the new president, Karol Nawrocki, will be instrumental in the selection of his successor—though this decision will not rest solely with him.
Adam Glapiński has led the central bank since 2016 TVN24Nawrocki is set to assume office on August 6, 2025, and all indications suggest that he will collaborate with Donald Tusk’s administration during the initial two years. The subsequent parliamentary elections are slated for autumn 2027, and their outcome could significantly influence the political landscape and the direction of nominations at the NBP.
While it is the president who formally nominates a candidate for the central bank’s presidency, this choice must receive approval from the Sejm. Nawrocki will propose a candidate for the new NBP president in 2028, following the next parliamentary elections.
The president is also responsible for appointing three members of the Monetary Policy Council, which is tasked with, among other responsibilities, determining the interest rates in Poland. At the request of the President of the National Bank of Poland, the head of state also selects the members of the NBP management board. Each of these terms lasts for six years.
National Bank of Poland ShutterstockMaximum duration
As per existing regulations, the President of the National Bank of Poland can serve no more than two consecutive six-year terms.
The current president, Adam Glapiński, was appointed for his first term in 2016 and was subsequently re-elected by the Sejm for a second term in 2022 at the request of President Andrzej Duda. According to current law, this represents the maximum tenure allowed for this role, meaning his term will end in 2028.
Glapiński presents NBP forecasts concerning inflation TVN24„First and foremost, do no harm”
Experts emphasize that much will depend not only on the name of the candidate but also on whether they will prioritize the independence of the institution over political interests.
– Am I concerned about the selection of the new NBP president? It’s hard to say. It depends on whether it will be a decision based on merit or merely a selection of a competent economist. One thing appears certain: the conflict between the current government and President Glapiński is nearing its end. What benefit will his dismissal bring, since Karol Nawrocki will ultimately appoint the new president anyway? – comments financial market analyst Piotr Kuczyński in an interview with tvn24.pl.
Adam Glapiński Radek Pietruszka/PAPRead more: The Nawrocki Era. „A game of cat and mouse awaits us” >>>
Conversely, Anna Gołębicka, an expert from the Adam Smith Center, underscores the significance of the future president’s autonomy.
– It’s a long-term perspective. One might say: we’ve managed with this NBP president, we’ll adapt with the next one. But there’s a fundamental principle in medicine: „first and foremost, do no harm.” If we appoint someone through political means who is
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