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Some 13% households will pay higher mortgages

Interest rates will change for about half of mortgages in the next three years, and monthly installment will increase for 13% of households, the central bank NBS noted. The increase in mortgage rates from less than 1% to 4.5-5% will mean an increase in monthly installments of up to €100 for most loans (currently the average monthly repayment is €270). Only 15% of loans will saw a hike of over €200. This will increase household expenses by 7% on average; Slovaks’ nominal wages are also rising at a fast clip. Therefore, the NBS does not perceive the growth of loan repayments as a significant risk to financial stability.


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Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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