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PSzÁF suggests lenders ease conditions for conversions to EUR-based loans

Hungarian financial market regulator PSzÁF has suggested lenders ease conditions for borrowers to convert loans denominated in Swiss francs or other currencies to euros, a letter from the market watchdog's chief posted on its website shows.

Converting the loans would make repayments more stable and predictable as volatility of the HUF/CHF exchange rate has “well exceeded” that of the HUF/EUR rate during the recent period, said Károly Szász. (MTI-Econews)