People: Hungarian deputy unexpectedly resigns

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Central Bank of Hungary

The Central Bank of Hungary

Hungary: The deputy governor of the Central Bank of Hungary, Marton Nagy, has unexpectedly resigned, more than a year before his term was set to expire.

The central bank said in a statement that Nagy stepped down to take up “other important management duties”. It is unclear what role this will be.

The former deputy played a key role in the central bank’s recent unconventional monetary policy programmes, its lending facilities and corporate bond purchases. Nagy joined the central bank in 2002

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