We fix the interest rates on mortgage-based loans at the end of October. The measure will enter into force at the beginning of January and will last until the end of the first semester, Prime Minister Viktor Orbán announced on his social media page.

Wednesday, government meeting, we made important decisions again - the prime minister said, then continued - the most important issue today is the issue of price increases and inflation.

It is well known that the whole of Europe is suffering due to the increase in energy prices. Hungary defends itself and protects families - emphasized the prime minister.

"We are raising the minimum wage and pensions, we are maintaining the policy of reducing utilities and we have also introduced a fixed price for fuel."

We will introduce a retail interest rate cap, and we will fix the interest rates on mortgage-based loans at the end of October, said the Prime Minister.

The repayment installment in February will therefore be lower than the previous installments.

"Hungary must go forward and not backward!"

Source: MH/Facebook

Featured image source: Facebook / Viktor Orbán