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PARLT CTTEE ENDORSES MATOLCSY'S RENOMINATION AS CBANK GOVERNOR

 

Parliament’s economic committee approved the renomination of György Matolcsy to head the National Bank of Hungary (NBH) for a second term. The nomination was approved with 10 votes in favour and 5 against. Matolcsy told the session that over the past six years he had been successful in fulfilling the requirements of his mandate and had contributed to Hungary’s “exceptional growth turnaround”. All of Hungary’s micro and macroeconomic indicators show a favourable situation, he said. The central bank’s interest policy has saved the state budget 2,400 billion forints (EUR 7.5bn) in interest payments, Matolcsy said. The prime minister’s press chief had said on Feb. 12 that Viktor Orbán would nominate Matolcsy for another term as NBH governor. Matolcsy’s six-year mandate as NBH governor ends on March 3, 2019. There is a two-term limit for NBH governor.