André Palóc noted that the extension, until June 30, 2025, would apply to 291,000 loan contracts.
The rate freeze was originally introduced in January 2022.
Since its introduction, the measure has saved retail borrowers some HUF 300 bln, the spokesman explained.
The government decree on the extension was published in the official gazette late Monday, according to the report.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
