The Hungarian government will freeze interest rates on private mortgages for six months from January. This was announced by Hungary’s Prime Minister Viktor Orbán in a video message on Facebook.
Home mortgage rates will be frozen at the end of October. The result: the monthly rate for February will already be lower than the previous one. The cabinet meeting on Wednesday mainly focused on inflation, Orbán said. “All of Europe is suffering because energy prices are rising. Hungary defends itself against this and protects the families. ”And:“ Hungary must go forward and not backward! ”
Orbán sees the main responsibility for the high energy prices in Brussels. In the past year he called for the abolition of EU regulations several times. “Several European countries are facing supply crises because the ‘Brussels bureaucrats’ believe that rising electricity prices are the way to transition to renewable energy sources.” And: “Brussels invented the idea of combating climate change through higher energy prices. They purposely raise prices. The decisions made in Brussels must be reversed and we should be where we are now on gas prices in 2035. This is a serious professional and political mistake. “
