Central bank wage cap backfires on Budapest: reports

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Budapest could be forced to relax a salary cap affecting the governor of the National Bank of Hungary due to problems in finding suitable candidates to fill four external member posts on the central bank's rate-setting Monetary Council, Hungarian media sources have reported.

The Budapest Business Journal, a Hungarian business publication, reported Wednesday that the government is set to backtrack on its decision to apply a two million forint ($10,244) per month wage cap to the salary of the cent

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