Premier Viktor Orbán is nominating György Matolcsy, Minister of National Economy Minister as the next governor of the National Bank of Hungary.
In his weekly radio interview on Friday, 1 March Orbán said Matolcsy’s nomination was the “least risky” decision.
State news agency MTI reported that the PM reasoned that putting a member of the government in the position will support “stability and predictability” and that the only way for the central bank — whose independence he called “unquestionable” — to be capable of situating its function in the framework of economic policy is to put a person at the helm of the NBH who has experience in government.
The decision took few by surprise. See earlier story published today “Out with The Old and in with The Who?”