Narodowy Bank Polski

Monetary Policy Council

MPC Composition

Jerzy Osiatyński
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Jerzy Osiatyński
Member of the Monetary Policy Council

(term of office: 20-12-2013 – 20-12-2019)

Born in Riga on 2 November 1941.

Graduated from the Warsaw School of Economics (at that time: Main School of Planning and Statistics) in 1964, and in 1989 received the title of Professor of Economic Sciences.

Chairman of the Scientific Council of the Institute of Economic Sciences of the Polish Academy of Sciences (2007-2013) and member of the Committee on Economic Sciences of the Polish Academy of Sciences (2007-2011); member of NBP Economic Research Committee (since 2009); from January to April 2010, member of the National Development Council of the President of the Republic of Poland and from October 2010 to December 2013, social adviser to the President of the Republic of Poland. Since 2001, Professor at the Bielsko-Biała School of Finances and Law.

He is author of academic textbooks and scientific dissertations in the field of economic theory, public finance, history of economic thought of the 20th century and economic transformation from centrally planned to market economy.

Minister – director of the Central Planning Office (1989-1991); minister of finance (1992-1993). In 1995-2008, consultant of the World Bank, United Nations Development Programme and other international and non-government organisations in the area of economic transformation, notably in Central and Eastern Europe and the Commonwealth of Independent States. Since 2001, member of the Prime Minister’s Council of Socio-Economic Strategy and its vice-chairman in 2004-2006.

Member of Parliament of the tenth, first, second and third term. He was member of parlia-mentary commissions and sub-committees dealing with public finance, European integra-tion, public control, audit and economic policy.

In 1990 he was awarded Doctor Honoris Causa of New York University. In 1993 - elected the best minister of finance in Central and Eastern European countries.

On 20 December 2013, the President of the Republic of Poland appointed Professor Jerzy Osiatyński as a member of the Monetary Policy Council.

NBP interest rates

Reference rate 0.50
Lombard rate 1.00
Deposit rate 0.00
Rediscount rate 0.51
Discount rate 0.52

Exchange rates

Table of 2021-10-19
1 EUR4.5717
1 USD3.9212
1 CHF4.2644
1 GBP5.4084
100 JPY3.4407

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