Hungary launches $2bn scheme to boost SME lending

gyorgy-matolcsy
MNB governor Gyorgy Matolcsy

The Hungarian central bank today announced it is putting $2 billion at the service of the country's small- and medium-sized enterprises (SMEs) in a bid to boost economic growth through activist monetary policy.

The two-pronged approach was described by Nordea analyst Annika Lindblad as a "welcome development" for the Hungarian economy, which will "hopefully support a recovery later this year".

First, 250 billion forints ($1 billion) will be made available to commercial banks at 0% interest, for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: