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György Surányi tipped as new MNB governor

György Surányi could be the next governor of the National Bank of Hungary (MNB) after the mandate of András Simor expires in March, 20103, the daily Magyar Hírlap reported.

Despite the fact that economic professionals of the governing Fidesz party are not particularly enthusiastic about Surányi, government party members of Parliament will not oppose the president of CIB Bank to become the head of the National Bank of Hungary since his appointment will be supported by financial markets, the paper added.

Orbán stated at his Saturday press conference that the government is determined to create a balanced cooperation between the government and the new, extended monetary council in the transformation of monetary policy, since the current tense relationship is harmful for the economy.

Magyar Hírlap noted that Surányi, a former central bank governor, is attributed with the idea of nationalizing private pension funds. (ASz)