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Hungary's central bank sees forex loans solution in next 6 months
January 15, 2014 / 9:52 AM / 4 years ago

Hungary's central bank sees forex loans solution in next 6 months

VIENNA, Jan 15 (Reuters) - A solution to the problem of foreign-exchange home loans in Hungary that burden households could be found within half a year, a deputy central bank governor said on Thursday.

“A couple of good ideas are forming. I hope that this can be solved in the next six months,” Adam Balog told a Euromoney conference in Vienna when asked about the issue.

The central bank has said that banks operating in Hungary abused their dominant position in foreign-currency lending and legislation was needed to tackle the problem.

Reporting by Georgina Prodhan and Michael Shields; Editing by Greg Mahlich

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