Hungary passes controversial central bank bill

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The Hungarian parliament on December 30 passed a controversial central bank law, despite concerns it may threaten the National Bank of Hungary's (NBH) independence.

According to Hungary's Ministry of Public Administration and Justice, an overwhelming majority of the Hungarian parliament supported the bill, with 293 members voting in favour of it compared with just four votes against it.

The new law will introduce several changes into the central bank's legislative framework including measures to

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