Will the extension of family support schemes be enough?
As of 2023
October central bank statistics show significant contraction
Average family can save HUF 282,000 this year, HUF 174,000 in 2023, says Nagy
Contrary to popular belief, there is no omnibus account and no maturity extension
Caps remain on fuel, food, retail mortgages
Corporates taking out more and more foreign currency loans
Food and fuel price freezes remain in place until 1 October
Central bank releases annual data on credits and deposits
Central bank estimates 10% of loans are vulnerable
Respective figures are up to 20+80 mn for two children, HUF 13+83 mn for one child
Bank deposit situation not so rosy, though
Central bank labels move as "crucial cilmate-friendly decision"
Mortgage debtors will no longer get gov’t help
Turnaround in FX mortgages saga.
Decision made at Extraordinary General Meeting.
Under preferential terms.
Change coming up in mid-2019, as well.
Loose policy stance affirmed by Deputy Governor.