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NBH To Name Eva Buza and Zoltan Kovacs as Two New Rate-Setting Members

HUNGARY

From Bloomberg:

  • Eva Buza and Zoltan Kovacs will replace a pair of non-executive members of the Monetary Council whose six-year mandates expire in the next three weeks, according to a person familiar with the decision. Buza heads a state credit insurer while Kovacs is a former Hungarian Post Office executive.
  • Buza and Kovacs are joining a Monetary Council that has not witnessed a dissenting vote in interest-rate decisions in almost seven years. By law, the non-executive members of the rate body are nominated by parliament’s Economy Committee and are then confirmed by the full legislature. Both are dominated by Orban’s Fidesz party.

Zoltan Kovacs' Twitter page here: https://twitter.com/zoltanspox?lang=en

Eva Buza's bio here: https://www.bankszovetseg.hu/szervezet/buza-eva.cs...

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