Viktor Orbán: We Will Extend the Interest Rate Freeze Until the End of the Year

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"The interest rate freeze will help nearly 300,000 families, (therefore) we will extend the interest rate freeze until the end of the year," Prime Minister Viktor Orbán said on his official Facebook page on Wednesday.

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The government will extend the interest rate freeze for another six months - the minister leading the Prime Minister's Office announced the decision made at Wednesday's government meeting on Government Info in Budapest on Wednesday.

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The government has decided to extend the interest freeze, affecting almost 300,000 families. Gergely Gulyás also reported that the EU has initiated proceedings against Hungary due to the margin squeeze.