Hungarian central bank says solution must be found to FX household debt crisis
Any solution must apply equally to performing and non-performing debtors
"A solution to the household FX debt problem must be found", the Central Bank of Hungary said today in its latest Financial Stability Report, lamenting that a scheme brought in to help households who borrowed in hard currencies before the financial crisis has seen a disappointing uptake.
Foreign currency mortgage loans are the worst performing sector in Hungary, the report said, and use of an exchange rate cap scheme, brought in to stem the deterioration of household lending portfolios, has
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