A report on the National Bank of Hungary’s (MNB) work in 2010 by the central bank’s supervisory board contains “many unsubstantiated and misleading statements”, the MNB said on Wednesday.
The report, which contains data the MNB has already refuted as well as baseless accusations, is misleading to MPs. MNB governor András Simor has, therefore, sent a letter to Parliament speaker László Kövér to inform him of the facts and the MNB’s stand, the central bank said.
In the report, published on the Parliament’s website on Tuesday, the supervisory board said the operation of the bank was not transparent enough and the MNB’s management did not give sufficient support to oversight that would support transparency.
The MNB’s wage policy in 2010 disregarded government’s cost-savings directive and its managers were paid more than their counterparts at commercial banks, it added.
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