About the NBP
Activities of Narodowy Bank Polski
Narodowy Bank Polski is the central bank of the Republic of Poland. Its tasks are stipulated in the Constitution of the Republic of Poland, the Act on Narodowy Bank Polski and the Banking Act. The fundamental objective of the NBP's activity is to maintain price stability. Under the Monetary Policy Strategy beyond 2003 drawn up by the Monetary Policy Council, the objective of the NBP is to stabilise the inflation rate at the level of 2.5% with a permissible fluctuation band of +/- 1 percentage point.
The most important areas of activity of the NBP are:
- monetary policy,
- issue of currency,
- development of payment system,
- management of official reserves,
- education and information,
- services to the State Treasury.
In the coming years, the European integration processes, including efforts aimed at Poland's entry into the euro zone, will have the largest impact on the execution of the NBP's tasks.
Narodowy Bank Polski is responsible for the stability of the national currency. Fulfilling this constitutional obligation, the NBP develops and implements the monetary policy strategy and the annual monetary policy guidelines. Through the management of the official reserves the NBP ensures the requisite level of the State's financial security. As an issuer of currency, the NBP maintains the liquidity of cash payments. An important objective of the NBP is guarding the stability of the financial system. As part of its supervisory and regulatory functions, the NBP oversees the liquidity, efficiency and security of the payment system. It also contributes to the development of a secure infrastructure of the financial market. Moreover, the NBP undertakes activities aimed at disseminating knowledge about economics, e.g. through publishing information on its website and operating the NBPortal - Economics Education Portal.
In order to ensure proper preparation for the adoption of the euro, the NBP will aim to meet the requirements pertaining to central banks of those countries that have already introduced the common currency. The NBP will also strive to achieve the position of a significant economic research centre, both domestically and operating within the European System of Central Banks.