Hungary govt proposes to change cbank law -report

BUDAPEST Nov 24 (Reuters) - Hungary's government plans to change the central bank law to allow parliament's economic committee to appoint all four new policy makers on the central bank's monetary council next year, news website index.hu reported.

The government spokeswoman and the Economy Ministry were not immediately available for comment.

The mandates of four out of seven rate-setters on the Monetary Council of the National Bank of Hungary expire on March 1, 2011.

The current legislation allows the prime minister and the central bank governor to nominate two new policy makers each.

Citing draft legislation proposed by the government, index.hu reported on Wednesday the planned changes to the central bank law would allow parliament's economic committee to appoint all four new members.

The central bank said in a statement it had received a proposal to change the law and would form an opinion by Nov. 29.

(Reporting by Budapest bureau; Editing by Susan Fenton)