Hungary will ban the registration of foreign-currency mortgages

[ASusilovic]

Hungary will ban the registration of foreign-currency mortgages, the government said June 8. Prime Minister Viktor Orban plans to convert the mortgages into forint and buy non- performing loans from banks, state news agency MTI reported Sept. 16, citing an interview with Economy Minister Gyorgy Matolcsy on television station TV2.

http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aXUqyNKY2smQ

Hum, does this mean demand for CHF will "slow" ?

 

[intradaybill]

Quote from ASusilovic:

Hungary will ban the registration of foreign-currency mortgages, the government said June 8. ..

Hum, does this mean demand for CHF will "slow" ?

Probably not. Do you remember the time (or are you old enough to remember) when you had to pay interest to Swiss Banks to keep your money? It seems it is around the corner again.

 

[Wallace]

Quote from intradaybill:
Do you remember the time (or are you old enough to remember) when you had to pay interest to Swiss Banks to keep your money? It seems it is around the corner again.

- boy you are old ;