Matolcsy tipped to become next NBH governor

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National Economy Minister György Matolcsy will be the prime minister's nomination for the next governor of the National Bank of Hungary, daily Népszabadság said on Tuesday, citing unnamed government sources. Matolcsy has long been thought to be the most likely candidate for the job, although some investors worry he might take the same unconventional approach to monetary policy as he has to economic policy. The paper said minister without portfolio Mihály Varga will replace Matolcsy as economy minister. Deputy state secretary for tax affairs Ádám Balog is expected to be nominated for the post of NBH deputy governor, it added. The mandate of András Simor, the NBH's governor at present, runs out on March 2. The mandate of deputy-governor Ference Karvalits expires at the end of the month. Prime Minister Viktor Orbán said on commercial television on Monday that his candidate for central bank governor would have a parliamentary committee hearing on Friday afternoon.

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