He said with the measure entering into effect on 1 January next year, the interest rates of mortgage-based loans will be fixed at the end-of-October level which means that the February amortisation instalment will already be lower than those paid earlier.
Hungary must go forward, not backward, the Prime Minister said. Among the most important issues of the Wednesday cabinet meeting, he mentioned inflation.
The whole of Europe is suffering because energy prices are rising. Hungary is defending itself, and is protecting families. We are raising the minimum wage and pensions, are maintaining the policy of the reduction of household utility bills, and have also introduced a fixed price for fuel, Mr Orbán said.