ECONOMIC BRIEFS

Monetary policy must stay tight

"Loosening the current monetary policy of the National Bank of Slovakia (Národná banka Slovenska, NBS) could cause a loss of balance in the Slovak economy," said the Director of the NBS Institute of Financial and Monetary Studies, Jozef Makých, at a conference named Monetary Policy in Transforming Economies which took place in Banska Bystrica. Devaluation and a possible loosening of the monetary policy of the NBS could, according to Makých, cause an increase in inflation as well as constant pressure on interest rates and the course of the Slovak crown. The argument that devaluation would help to solve the increasing deficits of the trade balance and the balance of payments is not, according to Makých, entirely correct because the increasing foreign deficit is mainly caused by the high demand for imports.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovakia and Switzerland have a similar mental landscape

Slovakia feels younger, Switzerland seems more colourful, says Swiss Ambassador Alexander Hoffet.

Swiss Ambassador to Slovakia Alexander Hoffet

Non-governmental and non-profit organisations will get a new register

NGOs refuse accusations of non-transparent financing.

The new register of non-profit and similar organisations may lead to better synergy.

Following his communication with Zsuzsová, Vanek resigns from his post as prosecutor

Zsuzsová has been charged in connection with the murder of journalist Ján Kuciak.

René Vanek

Jobs, phone calls and banks. What to prepare for after Brexit

Mobile operators and airports do not expect changes.