IMF calls on Hungary to safeguard central bank independence


The International Monetary Fund's (IMF) executive board has called on Hungary to preserve the "legal and operational independence of the central bank", which it said is "crucial for price and financial stability" and the credibility of the country's inflation targeting regime.

Providing advice at the conclusion of its Article IV consultation and Third Post-Program Monitoring Discussions with Hungary, the IMF also recommended a "pause" in monetary easing, saying that "inflation is not well

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