Published: November 21 2023
The Hungarian National Bank has decided to cut the base interest rate, which will have an impact on various financial aspects such as mortgage loans and deposits. This article will discuss the potential effects of the interest rate cut on mortgage loans in Budapest, Hungary.
Impact on Mortgage Loans
The decrease in the base interest rate does not directly affect the interest rates of mortgage loans. Currently, the cheapest housing loans have an interest rate of 6.89%, which is still significantly lower than the new base interest rate. Even the highest interest rate for mortgage loans is lower than the base interest rate. Therefore, there is no immediate expectation for a decrease in mortgage loan interest rates.
Personal Loans
On the other hand, the situation is different for personal loans. The cheapest offer for personal loans already has an interest rate of 12.04%, which is higher than the base interest rate. Therefore, there is no immediate expectation for a decrease in interest rates for personal loans. The long-term interbank interest rates have a direct impact on the interest rates of personal loans.
Influence of International Markets
Despite the decrease in inflation and the base interest rate, there is no significant decrease in interest rates due to the relatively high interest rates in developed Western markets. The yields of 10-year US treasury bonds, for example, remain around 4.4%, which restricts the decrease in Hungarian bond yields. Consequently, this also limits the decrease in domestic interest rates.
Impact on Deposits
There is a bank deposit that will experience a decrease in interest rate starting from tomorrow. The Gránit Bank KamatMax Plusz deposit offers the most favorable interest rate currently. However, with the base interest rate cut, the deposit interest rate will also decrease to 9.50%. It is important to note that further decreases in the base interest rate will lead to a reduction in deposit interest rates.
In conclusion, the recent interest rate cut by the Hungarian National Bank will not have an immediate impact on mortgage loan interest rates in Budapest. On the other hand, personal loans and deposits will experience some changes in interest rates. It is crucial for individuals to carefully consider their options in light of these changes.
Questions & Answers
Hogyan befolyásolja az alapkamat csökkentése a Budapest-i lakáshiteleket? Az alapkamat csökkentése nem fog közvetlen hatást gyakorolni a lakáshitelek kamatára. A legolcsóbb lakáshitel kamata továbbra is jóval alacsonyabb az irányadó kamatszintnél.
Van-e várható kamatcsökkenés a személyi hiteleknél Budapesten? Nincs várható azonnali kamatcsökkenés a személyi hiteleknél, mivel a hosszú futamidejű bankközi kamatok befolyásolják közvetlenül a hitelkamatokat.
Mik befolyásolják a budapesti hitelkamatokat? A bankközi kamatlábak, például a BIRS, jelentős hatással vannak a bankok hitelkamatára. Az alapkamat és az infláció csökkenése nem fogja drasztikusan csökkenteni a hazai hitelkamatokat, mivel a nemzetközi befektetők a hozamok különbségét veszik figyelembe.
Lehet-e várni kamatcsökkenést a betétek esetében Budapesten? A Gránit Bank KamatMax Plusz betét esetén a kamat csökkenni fog az alapkamat csökkentésével. Azonban további alapkamatcsökkentéssel várható, hogy a betéti kamat is tovább csökken.
