NBS satisfied with monetary policy

The National Bank of Slovakia (NBS) considers its current monetary policy sufficiently tight to prevent price growth and economic overheating, it said on August 1. In fact, prices in July grew even slower than it had expected.

This year's available cushion in meeting the NBS inflation criterion and its fulfillment in 2008 were also foreseen. The central bank's Board of Directors thus reached a unanimous decision to keep interest rates at their current level, reported NBS Vice Governor Martin Barto at a press conference on July 31.

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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