Czechs Clamp Down on Mortgages, Warning Boom Puts Banks at Risk

  • Central bank increases counter-cyclical reserve requirement
  • Rusnok says mortgages are main source of risk for Czech banks

The Czech central bank stepped up efforts to cool the mortgage market, warning that rising house prices may spiral out of control and hurt lenders in a country with one of Europe’s lowest levels of housing loans.

Categories : Finance

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