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-Hungarian central bank chief to complete term.

Global Banking News-January 11, 2011--Hungarian central bank chief to complete term(C)2011 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 11 January 2011(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

The head of the central bank of Hungary has announced that he would complete his term in office despite calls for his resignation.

Andras Simor rejected government calls for his resignation and confirmed that he would complete his term despite falling from favour with the government.

A message from the central bank said, 'The press department of the Magyar Nemzeti Bank reiterates that Andras Simor will serve out his mandate, which expires in March 2013, as legally prescribed. Andras Simor's position is unchanged.'

The governor had invited the wrath of the prime minister, Viktor Orban, after the bank refused to oblige calls for looser monetary conditions.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))

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Publication:Telecomworldwire
Date:Jan 11, 2011
Words:162
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