ECB blasts Budapest again


The European Central Bank (ECB) has again attacked plans by Budapest to change the law governing the National Bank of Hungary.

In the latest opinion, published Monday, the ECB condemned plans which would give the Hungarian parliament the right to hire and fire the bulk of the members of the central bank's Monetary Council. The change, proposed by lawmakers late November, would give parliament the right to appoint four of the council's seven members.

At present, Hungary's President is charged

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: