Bloomberg: Poland Rushes to Cut Swiss Franc Risk With Pain-Sharing Plan

In Polish News

(Bloomberg) – Poland wants domestic banks to pass on negative interest rates in Switzerland to borrowers to ease the impact of the surging Swiss franc on $35 billion of mortgages denominated in the currency.

Finance Minister Mateusz Szczurek, central bank Governor Marek Belka as well as financial and antitrust regulators met with the country’s biggest mortgage lenders on Tuesday after Croatia this week proposed fixing the exchange rate on similar loans to help borrowers. Banks should refrain from demanding additional collateral and extend home loan maturities for clients having problems with debt repayments, Szczurek said.

Read the full story here

You may also read!

Starting from 1st of May, public bicycles available in Zgierz

Nextbike Polska, the company operating the public bicycle network in Łódź, announced that the bikes will also be available

Read More...

Historic tram museum invites visitors on 1st and 3rd of May

Residents and visitors interested in the history of public transport in Łódź are invited to an open day at

Read More...

Police in Poland call for caution ahead of long May weekend

Police in Poland have appealed for caution as the long May weekend approaches. The call for caution is particularly

Read More...

Leave a reply:

Your email address will not be published.

Time limit is exhausted. Please reload the CAPTCHA.

Mobile Sliding Menu