Hungary Mulls FX Loan Repayment Plan

Hungarian Prime MinisterViktor Orbanwill detail a plan to help foreign-currency borrowers,Reutersreports. The country’s Parliament is discussing plans under which households would be allowed to repay foreign currency debt owed to banks at fixed exchange rates.

The ruling party has proposed a 180 forint exchange rate for the conversion of Swiss franc loans and 250 forints on euro loans. Analysts expect such levels to cause heavy losses to the banks.

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