Rogan to propose new Monetary Council member next

Interview

Antal Rogán, head of the parliamentary economic and IT committee, said he would make a proposal at the beginning of this next week to add a ninth member to the National Bank of Hungary's (MNB) Monetary Council. Rogán said he has a nominee for the post, about whom he will consult the central bank governor. Rogán, who is also Fidesz parliamentary group leader, was speaking to journalists after a committee hearing of MNB governor-nominee György Matolcsy and Ádám Balog, nominated for the post of a third deputy governor, on Friday. Matolcsy is economy minister at present and Balog is deputy state secretary for tax affairs in the economy ministry. The committee supported both nominations with a 18:7 vote and one abstentions. The appointment of a ninth member on the council will be necessary because the number of deputies will grow from two to three, raising the number of internal members of the council (the deputy governors and the central bank governor) from three to four. The law stipulates that the number of external members on the Monetary Council (four at present) must exceed the number of internal members. The Council can have at most nine members.

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