NBP on the brink of crisis? The problem with the statutory composition will begin on November 5. We explain.

November 4 marks the end of Adam Lipiński's term as a member of the NBP management board, reducing its size below the legal minimum. The president appoints board members upon the governor's recommendation, but Prime Minister Tusk has not countersigned recent nominations, raising concerns about the board's functionality. This situation could lead to legal challenges regarding the board's decisions and affect Poland's financial stability amid ongoing political turmoil. The lack of a full board could hinder the NBP's operations, especially in a tense geopolitical environment and rising inflation risks.