RM
Robert Muller
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- Czechs double "bad times" bank buffer as law to cool home lending falters13 Jun 2017—ReutersThe Czech central bank on Tuesday said it was doubling the amount of money domestic banks must put aside as a precaution for hard times from July next year because of rapid credit growth. The move comes as a bill allowing the central bank to make lenders cap loans, if needed, is at risk of failing in parliament, drawing sharp criticism from the bank's Governor Jiri Rusnok on Tuesday. Czech lending growth is close to the fastest since 2009 as record low interest rates spur demand, especially...
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