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Headlines

Hungary's Orban launches tax exemption for mothers, cap on housing loan rates

Published by Global Banking and Finance Review

Posted on February 22, 2025

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BUDAPEST (Reuters) - Hungarian Prime Minister Viktor Orban announced an income tax exemption for mothers of two or three children and said he would cap interest rates on housing loans at 5% from April as part of moves to shore up the economy ahead of a 2026 national election.

Orban also said on Saturday that his government was ready to impose caps on surging food prices unless talks with retailers succeed in keeping prices under control, adding he was ready to limit food retailing profits as a last resort.

(Reporting by Gergely Szakacs and Marek Strzelecki; Editing by Sharon Singleton)