Spectator on facebook

Spectator on facebook

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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Five years after the Moldava raid, the victims have turned into perpetrators

June 19 marks the fifth anniversary of the brutal and much-discussed raid in the Roma settlement; and it points to five of those beaten being charged with perjury.

Moldava nad Bodvou

Welcome to Slovakia?

Following Henry Acorda’s horrific killing, businesses need to stand up.

June 8 gathering in Bratislava

Czech PM files lawsuit against Slovakia at ECHR

Czech Premier Andrej Babiš sues his homeland in the European Court for Human Rights in connection with records proving his collaboration with the communist-era secret police.

Andrej Babiš