• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Country Report Hungary Product Image

Country Report Hungary

  • ID: 2101527
  • January 2015
  • Region: Hungary
  • 27 Pages
  • The Economist Intelligence Unit

After the Swiss National Bank (the Swiss central bank) scrapped its Swfr1.20:EUR1 exchange-rate ceiling on January 15th, the Swiss franc had strengthened against central European currencies by up to 20% by January 16th.

Many household borrowers in central European countries have taken on Swiss franc loans, attracted by the lower interest rates levied on them compared with local-currency debt. In theory, the rise of the franc should increase Swiss franc debt stocks and debt service costs, when expressed in local currencies, by the same margin as the Swiss franc has risen. However, most Hungarian Swiss franc debtors will be unaffected, owing to the ongoing government forced debt relief programme. The programme fixed the exchange rate of foreign-currency mortgage loans from January 1st 2015 (at market rates prevailing when the relevant legislation was passed in November 2014); and will convert the loans to forints during the first half of 2015. In addition to relief for household foreign-currency borrowers, Hungary has reduced its exposure to a strengthening Swiss franc by allowing small businesses since 2014 to swap foreign-currency loans for discount forint loans, and by the READ MORE >

Note: Product cover images may vary from those shown

Country Report Hungary

Swiss franc rise causes headaches for central Europe
Event
Analysis
Impact on the forecast

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS

  • Country Report Romania - Product Thumbnail Image Country Report Romania

    Country Report Romania

    • Language: English
    • 28 Pages
    • Published: January 2015
    • Region: Romania
  • Country Report Poland - Product Thumbnail Image Country Report Poland

    Country Report Poland

    • Language: English
    • 21 Pages
    • Published: January 2015
    • Region: Poland
  • Country Report Switzerland - Product Thumbnail Image Country Report Switzerland

    Country Report Switzerland

    • Language: English
    • 20 Pages
    • Published: January 2015
    • Region: Switzerland
  • Country Risk Service Switzerland 2nd Quarter - Product Thumbnail Image Country Risk Service Switzerland 2nd Quarter

    Country Risk Service Switzerland 2nd Quarter

    • Language: English
    • 16 Pages
    • Published: April 2013
    • Region: Switzerland
  • Country Risk Service Switzerland 4th Quarter - Product Thumbnail Image Country Risk Service Switzerland 4th Quarter

    Country Risk Service Switzerland 4th Quarter

    • Language: English
    • 19 Pages
    • Published: December 2014
    • Region: Switzerland
  • Country Risk Service Switzerland 1st Quarter - Product Thumbnail Image Country Risk Service Switzerland 1st Quarter

    Country Risk Service Switzerland 1st Quarter

    • Language: English
    • 20 Pages
    • Published: February 2014
    • Region: Switzerland
  • Country Risk Service Switzerland 3rd Quarter - Product Thumbnail Image Country Risk Service Switzerland 3rd Quarter

    Country Risk Service Switzerland 3rd Quarter

    • Language: English
    • 19 Pages
    • Published: September 2014
    • Region: Switzerland
  • PESTLE Analysis of Switzerland 2013 - Product Thumbnail Image PESTLE Analysis of Switzerland 2013

    PESTLE Analysis of Switzerland 2013

    • Language: English
    • 60 Pages
    • Published: February 2013
    • Region: Switzerland
    FROM
  • Country Risk Service Côte d'Ivoire 3rd Quarter Updater - Product Thumbnail Image Country Risk Service Côte d'Ivoire 3rd Quarter Updater

    Country Risk Service Côte d'Ivoire 3rd Quarter Updater

    • Language: English
    • 22 Pages
    • Published: August 2014
  • Country Risk Service Switzerland 2nd Quarter Updater - Product Thumbnail Image Country Risk Service Switzerland 2nd Quarter Updater

    Country Risk Service Switzerland 2nd Quarter Updater

    • Language: English
    • 17 Pages
    • Published: June 2014
    • Region: Switzerland

Our Clients

Aol, Inc. Accenture PLC. Unilever N.V. Nestle S.A. KPMG Roland Berger Strategy Consultants