Spectator on facebook

Spectator on facebook

ECONOMIC BRIEFS

M2 slows, but NBS unlikely to ease policy

The Slovak central bank (NBS) is unlikely to ease its tight monetary policy in the first half of 1997 despite a consistent slow-down in growth of the key money supply aggregate (M2) analysts said on May 12. The NBS said the M2, its main yardstick for assessing monetary development, grew 12.8 percent year-on-year in March 1997, after a 13.9 percent increase in February. This compares with a 24.1 percent increase in March 1996. But analysts said that new developments preclude the central bank from easing its tight monetary policy in the near-term. "There are some new factors that should be taken into account regarding M2 and monetary policy such as the new import deposit measure," said Sylvia Majlingová, liquidity department director at Československá Obchodná Banka (ČSOB). The NBS's full year target for M2 growth is 10.7 percent.

Top stories

PM Fico wants Education Minister’s resignation

Education Minister Peter Plavčan has refused to leave, the Prime Minister demanding his resignation.

Education Minister Peter Plavčan

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

Things that make us different also make us stronger

On August 19, a rainbow flag will fly over the US Embassy in Bratislava to represent the firm commitment of the United States to defending the human rights of LGBTI people, writes Ambassador Sterling.

The rainbow flag flew over the US Embassy in Bratislava in 2016.

Southern Slovakia will face heat again

The first-level warning is issued for the 16th and 17th.