Hungary approves Central Bank Act changes

The Hungarian parliament has approved modifications to the Central Bank Act that raise the maximum number of Monetary Council members to 11 and afford the prime minister a bigger say in nominating members of the Council, Interfax-Europe reported.

The vote was 195 for and 4 against, with the majority of opposition MPs not taking part in the vote. The opposition, echoing the concerns voiced by central bank MNB, has said that the changes limit the independence of the Council and are unnecessary,

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