Romania’s central bank is planning to limit hard currency lending, Reuters reports. The macro-prudential measures may require borrowers to have incomes and assets denominated in hard currency and may impose a lower indebtedness ceiling for households.
The move will not extend to mortgage and real estate loans as Romania lacks domestic funding resources for maturities of 20-30 years. Hard currency lending to households increased 4.1% on the year to $22.79 billion in March.
Click here for the story from Reuters.