Rogan said the committee is to nominate the external members of the Monetary Council at its meeting next Monday, which can be followed by the hearing of the candidates. The new members of the Council could be elected by Parliament on the same day, March 7, he added.
In response to a question, Rogan said it is of no significance that the Council will not be complete for a week as it does not hold meetings every week. He dismissed the suggestion that the temporary lack of the Council would send a negative message to markets.
Under an amendment passed by parliament on February 21 and signed by the President of the Republic on February 24, the four external members of the Monetary Council will be elected by parliament at the proposal of the economic and IT committee for a period of six years.
Until now, two of the Council’s external members were picked by the prime minister and the other two by the central bank governor. The mandates of the current external members of the seven-member Council expire on March 1.
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