Hungary remains committed to introducing the euro and has undertaken to meet the Maastricht convergence criteria by 2030, Finance Minister András Kármán wrote on Monday ahead of the visit of Eurogroup President Kyriakos Pierrakakis, who is due to arrive in Hungary on Thursday.

According to a post published on Kármán’s Facebook page, he and Prime Minister Péter Magyar will meet Pierrakakis on Friday. The finance minister noted that he had already held bilateral talks with the Eurogroup president at the ECOFIN meeting in Cyprus in May.

The minister also addressed the issue of the mortgage interest-rate cap. He wrote that the measure remains “an evergreen topic, regardless of the fact that we have repeatedly stated that, with responsible economic policy and a predictable budget, the previous government would not have needed to introduce and maintain indefinitely such a market-distorting measure as the mortgage loan interest-rate cap.”

In this connection, he said that Tisza would act responsibly by maintaining the interest-rate cap under unchanged conditions until the beginning of October while allowing time for consultation. The aim, he added, is to phase out the measure in a way that ensures genuinely vulnerable borrowers receive real support.

Artificial intelligence was used for the translation of parts of the original Hungarian text.