Hungary: Forex Loan Problem to be Solved

People ♦ Published: January 17, 2014; 16:11 ♦ (Vindobona)

According to the Hungarian National Bank (MNB), the problem of the foreign-exchange loans could be solved in the next half year.

Hungary: Forex Loan Problem to be Solved / Picture: © MNB

Deputy governor of the MNB said that the issue with foreign-exchange home loans could be solved in the next six months. "A couple of good ideas are forming. I hope that this can be solved in the next six months," Adam Balog said during Euromoney conference in Vienna when asked about the issue. According to MNB, banks in Hungary had abused their powers which is why the central bank had…

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