Central Bank of Hungary (MNB)

Hungary split on cut

Rate-setters from the National Bank of Hungary were divided over the size of the cut required, according to minutes of the October policy meeting

Smaller MPCs rely more on staff views

The use of staff-policy recommendations by central banks' monetary policy committees is negatively related to the size of the rate-setting board, research published by the National Bank of Hungary finds.

EBRD appoints Mirow as chief

Thomas Mirow, the state secretary of the German Finance Ministry, will replace Jean Lemierre as head of the European Bank for Reconstruction and Development, the development bank for most of Central and Eastern Europe.

National Bank of Hungary, ECB banknotes agreement

Agreement has been concluded between the ECB and the Magyar Nemzeti Bank (National Central Bank of Hungary) in the areas of prevention and detection of counterfeiting of euro banknotes, 28 July.