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Govt, banking sector make joint effort to ease burden for FX borrowers

The government and the bank sector are continuing to work together to ease the burden for borrowers with foreign currency-denominated loans, National Economy Minister György Matolcsy said at a joint press conference with the heads of the Hungarian Banking Association and financial market watchdog PSZÁF on Thursday.

The government has started a series of regular consultations with the association and PSZÁF in the interest of establishing the financial resources for economic growth in Hungary, Matolcsy said.

Hungarian Banking Association chief Mihály Patai said Hungarian bank heads are working on a package of proposals that could rethink such things as the exchange rate limit system. The package will be submitted to the government in two weeks, he added.