Poland’s controversial central bank chief wins second term

WARSAW, Poland (AP) — The controversial head of Poland’s central bank narrowly won a second term on Thursday after the country’s ruling coalition was able to muster enough votes in parliament for re-election.

Lawmakers voted 234 to 223 to give Adam Glapinski a second six-year term. Nominated by President Andrzej Duda, Glapinski, 72, was the only candidate for the post.

Critics accuse Glapinski of ignoring early signs of approaching inflationary pressure last year and taking late steps to deal with it, as well as weakening the national currency, the zloty.

Glapinski has also been criticized for keeping the bank’s key rate low at 0.1% for too long. Since October, it has been gradually increased to 5.25%.

In 2018, Glapinski was at the center of a scandal over the high salaries of two of his close associates, which also cast a shadow over the ruling Law and Justice party coalition and its two small allies, who support him.

Glapinski is a longtime political associate of law and justice leader Jaroslaw Kaczynski, who is Poland’s most powerful politician.

According to Polish law, the role of the head of the central bank is independent of politics.

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