The MNB earlier announced plans to introduce the 15% Mortgage Loan Financing Adequacy Ratio to mitigate the mismatch in maturities of forint mortgages, which have runs of ten years or more, as well as the banking sectorʼs forint liabilities, which typically mature within one year.
The central bank estimated that meeting the threshold would require banks to issue HUF 279 bln of new mortgage bonds.
The MNB decree on the Mortgage Loan Financing Adequacy Ratio is expected to be published in the official gazette Magyar Közlöny later this month.
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