Hungary to phase out some of its price caps as inflation comes down -PM Orban

Kitco Media
By Reuters
Published:
Updated:
Reuters
BUDAPEST, March 31 (Reuters) - Hungary's government aims to phase out price caps on basic food stuffs and mortgage rates gradually as inflation slows, Prime Minister Viktor Orban said on Friday, without giving an exact timeline.


Orban said price caps were "useful" in fighting against inflation but were also causing market disturbances and the government was currently working on plans on how to phase them out. (Reporting by Krisztina Than)

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