Reauters: Economist Gusztav Bager is candidate for central bank rate setter job

Budapest, July 1 (MTI) – Economist Gusztav Bager is being heard by parliament’s economy committee as a candidate for membership in the central bank’s rate-setting Monetary Council.

Bager told Reuters about his candidacy at the meeting on Wednesday.

If Parliament approves, Bager will replace Csaba Kandracs who has resigned, effective July 6, to focus on his job to lead the central bank’s “bad bank” asset manager MARK. Kandracs was one of five external members on the nine-member Monetary Council of the National Bank of Hungary (NBH).

By law, the Council’s external members must exceed the number of internal members.

Source: http://mtva.hu/hu/hungary-matters