Bod, now a professor at Corvinus University, told Népszabadság in an interview that the MNB is part of the EU banking structure, therefore the opinion of the European Central Bank should have been obtained, allowing it 60-90 days to comment, before modifying the central bank law.

The MNB is not an investment bank but a monetary authority and has no licence to buy expensive property beyond its own use, Bod argued.

Source: Hungary Around the Clock

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