Hungary's Jarai against cb reform proposal

The president of Hungary's central bank (MNB), Zsigmond Jarai, has criticised a proposal to increase the number of members of the MNB's Monetary Council from nine to eleven and to allow the prime minister to choose five of the eleven members and approve the rest.

At the moment the central bank president nominates all of the council's members, and he does not have to seek approval from the prime minister. The proposal put before parliament on Tuesday would allow the central bank president to ch

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