The strong Swiss franc obstructs the growth of consumption and retail sales

According to the calculations of market analysts; the strengthening of Swiss franc since 2008 causes an affect corresponding to a six percentage point interest rate increase to the Hungarian households with foreign currency loans.

According to the Monday study of Morgan Stanley; these are the reasons why that retail spending declined significantly in Hungary since 2008.

According to the analysis; retail sales in Hungary are below the 95 percent of the level measured in August 2008, while Poland is close to 115 percent in Poland – reports MTI.