NBS again verbally intervenes against crown

The central bank has again said it sees no room for a stronger Slovak crown following the release of trade deficit data for 2002 showing a slight fall to Sk96 billion (9 per cent of GDP) from over Sk103 billion (10.3 per cent) the year before.

The crown has been strengthening since last September on optimistic political and economic developments in Slovakia, as well as speculative buying by foreign players.

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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