Austrian central bank head says gov't should take legal steps to block fx-loan repayment plan

History

National Bank of Austria Governor Ewald Nowotny said on Wednesday that the country's government should utilize all the legal means at its disposal to block Hungary's foreign-currency-denominated mortgage repayment plan announced this week, MTI's Vienna correspondent reported.

Prime Minister Viktor Orbán on Monday announced the details of a plan allowing Hungarians with foreign-currency-denominated mortgages to pay back their loans in a single installment at a fixed exchange rate.

Austrian officials have said that the plan poses a threat to Austrian banks.

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