Barnabás Virág (Photo by Tibor Illyés/MTI)

The official appointment ceremony will take place on June 23 in the Sándor Palace in Budapest.

Virág, the MNBʼs managing director for monetary policy and economic analysis, is already handling the duties of former deputy governor Márton Nagy, who resigned from his post on May 28 “because of a mandate for another important leadership position”, the central bank said earlier.

Nagy had been in charge of monetary policy, financial stability, and lending incentives.