US EditionThe CNB Bank Board Left the Rules for Providing Mortgages Unchanged | ČeskéNoviny.cz
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Prague - The Bank Board of the Czech National Bank (CNB) today left the rules for providing mortgages unchanged. The maximum mortgage loan-to-value (LTV) ratio of 80 percent remains in force, and 90 percent for applicants under 36 years of age. The remaining two limits limiting the amount of installments and the indebtedness of a mortgage applicant remain deactivated, according to a decision published by the central bank.
Jakub Seidler, the newest member of the Czech National Bank's bank board, warns against hasty interest rate cuts in his first major interview. "There are still risks regarding the speed of inflation deceleration. For example, service prices continue to rise at a rapid pace," he says. One of the other...
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