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Austrian central bank head says gov't should take legal steps to block fx-loan repayment plan

National Bank of Austria Governor Ewald Nowotny said on Wednesday that the country's government should utilize all the legal means at its disposal to block Hungary's foreign-currency-denominated mortgage repayment plan announced this week, MTI's Vienna correspondent reported.

Prime Minister Viktor Orbán on Monday announced the details of a plan allowing Hungarians with foreign-currency-denominated mortgages to pay back their loans in a single installment at a fixed exchange rate.

Austrian officials have said that the plan poses a threat to Austrian banks.