Hungarian government proposes change to central bank funding law

Move comes after MNB changes monetary policy framework amid foreign exchange turbulence

hungary central bank headquarters
The Hungarian National Bank

Hungary’s government has proposed changing the law to allow it to take much longer to make up central bank deficits.

Currently, the government must reimburse any operational loss made by the central bank within eight days. But the finance ministry published a draft law on November 4 that would extend that period to five years, Reuters reported.

The draft law says the government would have to make up any loss in five equal payments, spread over the five years. Under the law, the Hungarian

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