ECB delivers blow to Hungarian central bank law

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The European Central Bank (ECB) on May 31 delivered a damning opinion on the latest draft of the controversial Hungarian Central Bank Law.

The detailed opinion slammed the legislation, saying it "still fails to address a number of previously highlighted concerns" relating to central bank independence.

The law threatens to give the government a large level of influence over the central bank. Proposals include adding two more government-picked monetary council members, enforcing additional reporti

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