- 13 Feb 2019 7:45 AM
- Hungary Matters
The Prime Minister wrote to Speaker of the House László Kövér, informing him about his recommendation, and requesting that he arrange for a hearing of György Matolcsy before Parliament’s Economic Committee.
Mr. Matolcsy’s current six-year mandate as central bank governor will expire on 3 March 2019.
According to the Act on the National Bank of Hungary, it is the Prime Minister who recommends a prospective governor to the President of the Republic.
The mandate of the central bank governor is for a term of six years. A person can hold the office of Governor of the National Bank of Hungary for a maximum of two terms.
Fundamental Law states that the central bank governor is to be appointed by the President of the Republic.
MTI Photo: Kovács Tamás