Kažimír to lead the central bank NBS
Central bank NBS governor Jozef Makúch announced he will step down in March 2019, despite his term running out in 2021. Makúch wants to allow the current parliament to choose his successor. He is concerned the 2020 general election will result in an unstable parliament full of new parties that won’t be able to agree on anything. The ruling coalition is set to elect Peter Kažimír, current finance minister, who yesterday announced plans to resign once parliament approves the 2019 state budget. A transfer from government to NBS raises questions about NBS’ independence. Once elected by parliament, the NBS governor is appointed by the president.