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Interest Rate Cap for Household Mortgages and SMEs Extended

HUNGARY

Hungary has extended the interest rate cap on household mortgages and corporate loans for SMEs, Cabinet Minister Gergely Gulyas told reporters during his weekly cabinet meeting briefing.

  • Gulyas said the central bank key interest rate is coming down but is still too high, justifying the extension of rate-cap.
  • The household mortgage rate cap has been extended until July 1, while the SME loan rate cap is extended until April 1, he said.

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