Budapest sets sights on Hungary’s rate-setting council

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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

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