The Fidesz MPs want to narrow the interest spread banks can use by nearly one percentage point, he said. Under the conversion bill before Parliament, banks will have to apply an interest rate pegged to the three-month BUBOR. The spread over the BUBOR should be the same as on the original loan, but is limited to a range of 2-5.5% for home mortgages and 2-7% for other mortgages.
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