Funding for Growth programme modest, but necessary, says Hungary cbank gov

The Funding for Growth scheme initiated by the National Bank of Hungary (NBH) is a modest, but necessary programme for achieving a turnaround in economic growth, National Bank of Hungary (NBH) governor Gyorgy Matolcsy said on Friday. Speaking at a stop on an NBH road show in Balatonfured (W Hungary), Matolcsy emphasised that the NBH's set of tools is limited, but the announced measures are necessary for kick-starting sustainable growth.