The measure is effective from November 15 until June 30 of next year.
The move was announced at a government press briefing at the weekend.
Economic Development Minister Marton Nagy said the measure would impact close to 60,000 SMEs with almost HUF 2 trillion of credit. He added that banks would cover the cost of the rate freeze, which he put at around HUF 80 bln for a half-year period.
Nagy noted that the three-month Bubor stood at 7.77% on June 28.
The three-month Bubor was 16.76% on Wednesday.
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