Sentence examples for a monetary council from inspiring English sources

The issue has lain dormant over the past six months until GCC central bank governors (minus Oman) gathered in Doha in early June and announced a decision to launch a monetary council in 2010.

If the governing party has a majority on the monetary council, it could in effect set interest rates, which would place Hungary in breach of its EU obligations.

The Parliament stripped the central bank president, Andras Simor, of his right to name deputies, expanded the rate-setting Monetary Council and created a position for a third vice president.

Late last year the Hungarian parliament passed a law which expands the monetary council and takes the power to nominate deputies away from the governor and hands it to the prime minister.

On May 8th its monetary council held an emergency meeting to discuss possible remedies.

But the government now plans to overhaul the monetary council, which sets interest rates.

The new law also expands the number of members on the monetary council.

Hungary's monetary council raised its benchmark interest rate, from 8.25% to 8.5%, to try to bring inflation down to its 3% target.

Mr. Frenkel "will need to work harmoniously with the monetary council he inherited from Fischer," said Yaniv Pagot, chief strategist at the Ayalon Group.

But in the recent release from its monetary council, the bank made clear its disappointment with the breakdown in talks with the I.M.F. and the European Union.

She was the last remaining member of the eight-strong monetary council who had not been appointed by the ruling Fidesz party or Mr Orbán's government.