No need to change MNB council makeup says ECB

In a statement made on Tuesday 9 November, the ECB commented on planned changes to Hungary's Central Bank Act saying that "the current Monetary Council rules in force are compatible with central bank independence and provide an appropriate framework for the formulation of monetary policy."

From this point of view, "there would thus be no need for changes to the Monetary Council's composition," according to the ECB.

The ECB points out that Article 108 of the Maastricht Treaty and Articles 7 and

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: