Central bank still cautious about crown

Central bank officials have said that despite positive trade data for August they continue to watch the strengthening crown, and will intervene on the forex market if the currency “exceeds a certain level”.

The crown has strengthened by over three per cent against its euro reference currency since September elections returned a majority government of four right-wing parties and definitely ended the threat of a return to power by former strongman Vladimír Mečiar.

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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