Hungary plans central bank independence increase

Hungary's government is proposing an amendment to the country's Central Bank Act to increase the independence of monetary policy makers, a spokesman at the Finance Ministry has said.

The government has approved the legislation, drawn up by the Finance Ministry in accordance with the central bank and reviewed by the European Central Bank, said Ferenc Pichler, a spokesman at the ministry.

The bill will go to parliament for approval "soon," he added.

Hungary wants to amend the law as central bank P