Andras Simor, the bank's governor, has survived repeated calls from Fidesz for his resignation (as well as a large salary cut).

ECONOMIST: Hungarian politics

In combative mood, Mr Orban has sparred with Andras Simor, the central-bank governor, and declared to the IMF and the European Union, which have lent money to Hungary, that he will not be subordinate to them.

ECONOMIST: Hungary's new government