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Decree allows alternative benchmark for subsidized loans

A government decree in force from Thursday creates an alternative reference for determining the rate of subsidized home loans if bond market activity comes to a standstill, as it did in the autumn.

The normal reference for the loans is a turnover-weighted average of bond auction yields of the preceding three months. But the decree now allows secondary government securities market benchmark yields, set by the Government Debt Management Agency (ÁKK) every trading day, to be used instead. (MTI – Econews)