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NBS expects monetary stability

The National Bank of Slovakia yesterday presented its monetary programme for 2002, including a GDP growth forecast of 3.5 to 3.8%, inflation from 3.5 to 4.9%, and a current account balance deficit of 7.9% of GDP. Central bank governor Marián Jusko said he saw moderate risks in strong expected growth in consumer demand and real wages, but added that the currency should be relatively stable against the euro as long as domestic politics and the world economy produced no real surprises. Jusko said the bank would be watching wage growth, the use of privatisation revenues, fiscal policy, global prices of raw materials and world economic activity.

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

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