Spectator on facebook

Spectator on facebook


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

Some Slovak media witnessed “the Trump effect”

Council of Europe’s Commissioner for Human Rights Nils Muižnieks talks about the atmosphere in society following the double murder of journalist and his fiancée, and steps to be taken.

Nils Muižnieks

Blog: Should foreigners in Slovakia care about today's crisis?

Collectively, we are responsible for the future of our children, whether you are Slovak, Italian, German or, in my case, Dutch.

Bratislava "For Decent Slovakia" gathering on March 16, 2018.

Media are the ultimate frontiers in defending freedom in society today

Miklós Haraszti’s keynote speech at the Budapest award ceremony of the European Press Prize, March 14, 2018.

Film festival accommodates foreigners in Slovakia Photo

Febiofest, the International Festival of Film Clubs (MFFK) is offering most films with English subtitles (labelled AT) this year, as well as making master-classes, discussions and other accompanying events…

J. Švankmajer: The Insect