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Inflation target could be met this month

SLOVAKIA could start meeting the Maastricht inflation criterion for euro adoption as early as this month, said the governor of the National Bank of Slovakia (NBS), Ivan Šramko.

He said the development of consumer prices, as shown in figures released by Slovakia's Statistics Office last week, suggests Slovakia is on the verge of reaching the target, the SITA newswire wrote.

"I suppose the harmonised index will come close to fulfilling the 12-month average, which means that we will meet the inflation criterion by the end of the month. The figures we've received quite seriously support that," Šramko said after a cabinet session.

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