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
Orbán cabinet: Hungary can receive 6.61 billion euros from the EU in 2025
Experience the magic of Zagreb’s Christmas market with a special train from Hungary!
PHOTOS: Amazing Roman Catholic parish house inaugurated in Transylvania
PM Orbán: Patriots in majority in the Western world with Trump, left unable to govern
Big change ahead: Hungarian government bans alcohol from shop windows
Netherlands defeated Hungary, Hungarian former player, assistant coach Szalai almost died – PHOTOS
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?