Report

NBS not to raise countercyclical buffer rate during 2020

- It may lower rate in case of accumulation of credit losses in the banking sector, growing provisions
- Financial sector downturn driven by real sector; worsening situation of households, firms to have secondary negative effects on financial sector via their inability to repay obligations
- Moratorium on loan repayment to temporarily support economic agents, limit banking sector losses
- Real estate market to cool down significantly over coronacrisis, big uncertainties related to it
Provider
CEEMarketWatch
CEEMarketWatch

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