A second deputy governor of Poland's central bank resigned on Thursday, saying he was unable to work effectively at the bank under the leadership of Slawomir Skrzypek. Jerzy Pruski had been the bank's deputy governor since 2004. He was a member of the Monetary Policy Council (MPC) between 1998 and 2004.
Another deputy governor, Krzysztof Rybinski, resigned at the start of January. "My decision to resign as deputy governor, the first deputy to the governor and member of the central bank's management board comes from the lack of possibilities for me to carry on working effectively at the post," Pruski wrote in a six-page note to the Polish media.
"Over the last year, as a result of the decisions of the governor and the management board, significant organisational changes took place at the central bank accompanied by significant personnel changes. In such conditions, decisions were made contrary to what I would consider to be the proper functioning and development of the bank."
The central bank declined to comment. Skrzypek, appointed by the conservative President Lech Kaczynski, became head of Poland's central bank in January 2007. He replaced Leszek Balcerowicz, a well respected economist and co-author of the country's economic "shock therapy."
Monetary Policy Council (MPC) member Halina Wasilewska-Trenkner told Reuters she was seriously concerned by Pruski's resignation. "When two deputy governors resign in such a short time then, in my opinion, such changes put the institution's prestige into doubt," Wasilewska-Trenkner told Reuters. "I am seriously worried."
In his statement, Pruski also said the bank's inflation forecasts were underestimated and that he disagreed with the way the management board handled the bank's financial plan for 2008.
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