ECB queries changes to Austrian central bank law

The National Bank of Austria

The European Central Bank has questioned plans by Austria’s government to change the laws governing the country’s central bank and financial regulator.

The future of the law is already in doubt, after Austria’s previous government, which drafted the proposals to change the central bank law, collapsed in dramatic circumstances.

The Austrian National Bank (OeNB) previously issued an opinion strongly criticising the draft law, saying it would harm its independence and reduce the quality of

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