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Market watchdog finds no price pressure in retail financial services sector

Conspicuous or trend-like price increases by Hungary's major providers of retail financial services affecting a broad range of clients could not be identified in a survey by financial market regulator PSzÁF in the second half of 2010.

Lending rates rose but deposit rates remained low and even fell for sight deposits and deposits fixed for up to a year, causing the interest margin to widen, PSzÁF said in the report published on Friday. Fees and costs attached to financial services and products rose at a rate under headline consumer inflation both on the money market and in the insurance sector, PSzÁF added. (MTI-Econews)