ISTANBUL/BUDAPEST, Oct 4 (Reuters) – Hungary’s central bank has proposed regulations to limit foreign currency lending to cut the country’s vulnerability in a financial crisis.
Governor Andras Simor said on Sunday at the International Monetary Fund/World Bank meeting in Istanbul that the central bank, the NBH, had asked the government for extra powers to discourage Hungarians from taking on foreign currency loans in order to lessen the economic impact of any future financial crises.
