The National Bank of Hungary will continue to reduce lending rates.
The Magyar Nemzeti Bank (MNB) has made numerous proposals in recent years to reduce the administrative burden of lending. The aim is to increase competitiveness, specifically by reducing the burdens and fees associated with repayments, including the legal reduction of prepayment and notary fees. The central bank highlighted this in response to a request from MTI on Monday.
To reduce the administrative burdens of lending, the Magyar Nemzeti Bank (MNB) has proposed several measures to lawmakers in recent years, including reducing administrative burdens and fees associated with early repayment, such as reducing legal fees for early repayment - the central bank reminded MTI on Monday in response to a request.
