Budapest, March 21 (MTI) – Parliament on Tuesday elected Bianka Parragh and György Kocziszky to the rate-setting Monetary Council of the National Bank of Hungary.
MPs elected both with 110 votes in favour, 35 against and 21 abstentions. Parragh and Kocziszky took their oath in parliament after the vote.
Bianka Parragh, an adjunct professor at Hungary’s National University of Public Service, replaces János Béla Cinkotai whose mandate expires on March 22.
György Kocziszky is already a member of the council and his term was renewed.
By law, the Monetary Council must have 5-9 members who may include the NBH governor and deputy governors as well as external members who are elected by parliament with a vote of more than 50 percent of the MPs present for six years. The number of external members must exceed the number of internal members.