Budapest can muscle in on rate-setting council, but will not control policy: Simor

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András Simor, the governor of the National Bank of Hungary, has said Budapest's attempts to control the central bank's rate-setting council will not necessarily mean the government will get its way on monetary policy matters, in comments published on Tuesday in the UK's Financial Times.

The Ministry for the National Economy in November said it would seek the power to give parliament the right to appoint all four of the central bank's external rate-setters, a move that would, in effect, give gove

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