On the need to change the constitutional position of the President of the National Bank of Poland

The experience of the 2008 global financial crisis and the Covid-19 epidemic indicate that the objectives of central bank operations have evolved - currently, the goal of monetary stability has proven to be an insufficient. The mandate of central banks has been strengthened and supplemented by measures for financial system stability. The global financial crisis, as well as the crisis caused by the Covid-19 pandemic, has also highlighted that proper coordination of fiscal and monetary policies is crucial. The purpose of this article is to analyze the systemic role of the President of the NBP from the point of view of the evolving role of central banks and the need to ensure the coordination of fiscal and monetary policy in the context of the preparation of law on the fiscal council.