Factbox: Poland’s Central Bank Governor killed in crash

(BestGrowthStock) – Poland’s central bank governor Slawomir Skrzypek was among 96 people killed in a plane crash in Russia on Saturday, along with President Lech Kaczynski.

Here are some facts on Skrzypek:

* AS GOVERNOR:

— He was appointed on January 10, 2007 by President Lech Kaczynski, a founder of the main opposition party Law and Justice.

— Skrzypek said in March the central bank should consider tightening interest rates given its projection for inflation over the next two years, after previously being seen as a supporter of relatively loose policy. His comments strengthened the zloty to a 14-month high.

— Prime Minister Donald Tusk, Kaczynski’s rival, this week urged the governor and the management board of the central bank to reach a compromise in their row with members of the Monetary Policy Council.

— Skrzypek disagreed with a majority of MPC members over the amount of profit made by the bank last year. Under Polish law, 95 percent of the profits must be paid into state coffers.

* LIFE DETAILS:

— Skrzypek was born in 1963 and studied at Gliwice Technical University and Warsaw’s Economic University. He also had an MBA from Wisconsin University Lacrosse.

— In the 1990s he worked for the state supreme audit office under Kaczynski and went on to serve as deputy mayor when Kaczynski was Warsaw mayor from 2002 to 2005.

— He launched collaboration between the authorities of Warsaw and the European Investment Bank, the Council of Europe Development Bank and leading international banks worldwide.

— Shortly after their victory in the 2005 general elections, the conservatives appointed Skrzypek to the board of the state-owned PKO BP bank.

Investment Research

(Writing by David Cutler, London Editorial Reference Unit)

Factbox: Poland’s Central Bank Governor killed in crash