Hungary’s government is freezing retail mortgage interest rates for a six-month period from January, Prime Minister Viktor Orbán announced on Wednesday.
The interest rates on retail mortgages will be frozen at their end-October levels, meaning that the monthly installment for February will already be lower than previous ones, the prime minister said in a video message on Facebook.
Hungary must keep moving forward, not backwards, Orbán said, adding that Wednesday’s cabinet meeting had focused mainly on inflation.
“The whole of Europe is suffering because energy prices are rising,” Orbán said.
“Hungary is defending against this and protecting families.”
The prime minister noted that his government was raising the minimum wage and pensions, preserving its scheme to cap utility bills and had introduced a cap on fuel prices.
Read alsoThis is why the government postponed to buy Budapest Airport
Source: MTI
please make a donation here
Hot news
Hungary calls for stronger nation-state sovereignty in the EU, rejects treaty changes for political power shift
All Saints’ Day and clock change: Changes to Budapest transport timetables
National Bank of Hungary: Maintaining banks’ strong capital position ‘pivotal
Top Hungary news: magnificent castles, new flights to Budapest Airport, 15th-century sword and change in bottle redemption system – 28 October, 2024
Orbán cabinet: Ill-advised policies jeopardising European Union’s existence
Drivers watch out! 26 fixed speed cameras to be installed in Budapest
1 Comment
To lower prices … Couldn’t we just reduce the VAT rate – which is ultimately paid by consumers and the highest in the World?