Two interesting graph.
The % is the deviation of the exchange rates from the pre-crisis avarage .
As it seems,the Hungarian homeowners made a realistic decision to take CHF morgages, due to the stability of the CHF exchange rate
The interesting question would be the reason of this stability.
My favourite theory is the inflation chasing of the central bank.Due to that,the Bank of Hungary increased the intrest rate to strenghten the forint if the exchange rate been too high.
#END
Posts
0 comments:
Post a Comment