Hungary’s Simor tells critical government to curb debt

andras-simor

András Simor, the governor of the National Bank of Hungary, on Tuesday called for the country's incoming government to tighten fiscal policy to curb high levels of debt.

"The high net external debt, high government debt, the banking system's exception loan-to-deposit ratio and significant foreign currency household loans are the main sources of household vulnerability," Simor said in a speech to a bankers' conference. He added that net foreign debt was decreasing very slowly, and "would be count

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