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Hungary May Amend Central-Bank Law If EU Requests, MTI Reports

Hungary may further change its central-bank law if amendments presented by the government last week aren’t accepted by the European Union, state-owned news service MTI reported, citing ruling-party lawmaker Antal Rogan.

The amendments didn’t address all the criticism from the Hungarian central bank and the European Central Bank, Andras Simor, the Magyar Nemzeti Bank’s president, told a parliamentary committee hearing today, which Rogan led, MTI said.

The appointment of a third vice president and additional members to the rate-setting Monetary Council, which would be allowed under the law, would be “unjustified,” Simor told the hearing today, MTI reported. Central bank salaries also remain as a dispute to be solved, Simor said, according to MTI.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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