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Plenary debate of bill on Central Bank Act moved forward to Friday

MPs at an extraordinary plenary session of Parliament voted to move forward to Friday debate of a bill on Hungary’s new Central Bank Act.

The motion to debate the bill with urgency was approved with 256 ayes and 56 nays.

The European Central Bank issued an opinion on the bill on Thursday, voicing concern that it could be detrimental to the National Bank of Hungary’s independence.

The new Central Bank Act is necessary because of Hungary’s new Constitution, which comes into force on January 1, 2012.