NBS governor believes inflation is sustainable

According to Ivan Šramko, governor of the National Bank of Slovakia (NBS), Slovakia is fulfilling the Maastricht inflation criteria in a sustainable way, the SITA newswire wrote.

According to Ivan Šramko, governor of the National Bank of Slovakia (NBS), Slovakia is fulfilling the Maastricht inflation criteria in a sustainable way, the SITA newswire wrote.

It should not be endangered by the strengthening Slovak currency, as the currency’s appreciation by 1 percent reduces inflation by cutting costs of imports by less than 0.2 percentage points, the NBS stated.

"Also, development in 2007 confirmed this, when the crown's steep appreciation did not considerably effect the price of industrial goods, except energy," Šramko said at the Trend weekly Financial Management Conference on April 22. SITA

Compiled by Zuzana Vilikovská from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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