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Jürgen Stark, another central bank board member, resigned in September in a rift over policy.
He recently won approval of the bank board for this strategy.
But he suggested that Mr. Demetriades's actions had led to the resignations on Friday of three central bank board members.
Bailey told the bank board that it was not clear that the deal "was within [the bank's] grasp".
It does not mean putting a government careerist in charge or stacking the bank board with federal officials.
The last remaining group director on the bank board quit last night to avoid any conflict of interest.
Similar(28)
Twelve regional banks were created, and a Federal Home Loan Bank Board, like the Federal Reserve board, was set up to oversee them.
The World Bank board is due to announce the institution's new president next week.
"The strength of the housing market will clearly feature at the Reserve Bank board meeting".
Their report has been passed to the World Bank board, which will meet to discuss it in December.
But a member of the European Central Bank board, Ewald Nowotny, has singled out Hungary's levy as "way out of proportion".A broader worry is Hungary's democracy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com