Press briefing in progress
Measure has cost banks almost HUF 500 billion since 2022
Statements exchanged between the Economy Ministry and the Banking Association
Burden could even grow if interest rate freeze gets extended
Personal loans can be taken out at only a slightly higher interest rate
This is how much the measure will largely cost banks in next six months
Press briefing in progress
Hundreds of thousands of mortgage holders face rising instalments
Until year-end
Lending shows massive growth
The decision is surprising, yet it's not.
Gergely Gulyás also spoke about Israel, EU aid for Ukraine and the overheads reduction at the gov't press conference
Interest rate freeze to be phased out in two stages
Links phase-out to inflation, base rate
Interest rate freeze put a halt to the increase in non-performing loans, according to the minister
Decision can be expected within weeks
Give and take continues
According to an announcement by Minister of Economic Development Márton Nagy
The change was published in the recent Official Gazette of Hungary.
Warns of decline in retail and corporate lending