Zsigmond Jarai appointed Hungary cbank governor

Inflation could be cut to 4-5% in Hungary within 2-3 years, Zsigmond Jarai said after being officially appointed as governor of the National Bank of Hungary before President Ferenc Madl in parliament on Feb 22, 2001.

The new head of the National Bank of Hungary will take his position on Mar 2, 2001. Mr Jarai said Hungary could become a member of the European Monetary and Economic Union (EMU) in 2006-2007 and, he hopes, join the EU in 2004.

Mr Jarai does not plan major personnel changes in the

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