Slovakia’s central bank says inflation will be less than previously expected

The prices of goods and services in Slovakia should increase at a slightly slower rate this year than was previously expected, with analysts from the National Bank of Slovakia slightly reducing their most recent estimates for average inflation for 2010 from the 1.8 percent expected in September to 1.6 percent, the TASR newswire reported on October 25. The bank’s estimate of GDP growth remained at the same level. The analysts expect that the Slovak economy will have grown by 4.1 percent in constant prices in 2010. The Finance Ministry's estimate is a little less optimistic, as it expects GDP to have grown by 4 percent.

The prices of goods and services in Slovakia should increase at a slightly slower rate this year than was previously expected, with analysts from the National Bank of Slovakia slightly reducing their most recent estimates for average inflation for 2010 from the 1.8 percent expected in September to 1.6 percent, the TASR newswire reported on October 25.

The bank’s estimate of GDP growth remained at the same level. The analysts expect that the Slovak economy will have grown by 4.1 percent in constant prices in 2010. The Finance Ministry's estimate is a little less optimistic, as it expects GDP to have grown by 4 percent.

Source: TASR

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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