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Market watchdog launches information campaign for troubled forex borrowers

Financial market regulator PSZAF on Monday said it launched an information campaign to help Hungarians with foreign currency-denominated mortgages decide whether to participate in a government-sponsored assistance programme.

Under the assistance programme, approved by Parliament in June, retail borrowers may opt to pay a fixed exchange rate on their loans denominated in Swiss francs, once the most popular lending product in Hungary, euros or yen. The programme contained additional measures as well.