Budapest sets sights on Hungary’s rate-setting council

national-bank-of-hungary2

Budapest's Ministry for the National Economy confirmed Wednesday that it is mounting a bid to give a parliamentary committee the power to appoint all four of the National Bank of Hungary's external rate-setters, in a fresh attempt to curtail the central bank's authority.

A government spokesperson confirmed that the move was on the cards, but could not give an explanation as to why the change is being sought. At present, András Simor, the governor of the central bank, and Viktor Orbán, Hungary's

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: