Gulyás said the rate freeze, which was set to expire on June 30, affected around 286,000 loans with a value of HUF 1.2 trillion.
Phasing out the rate freeze now would raise installments by close to 15%, on average, he added.
Gulyás said the government acknowledged lenders’ opposition to the measure and their case brought before the Constitutional Court.
He added that the measure would cost banks around HUF 55 billion in 2025 and HUF 50 bln in 2026, but highlighted the importance of keeping repayments predictable in the long term.
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