High inflation, more expensive mortgages and economic prospects are getting worse. All of this has been reflected in the financial situation of ever more households in Slovakia in recent months. The pressure on raising salaries is increasing because it could compensate for increasing expenses.
As a result, a relatively large number of households will have a "positive change in cash flow", the National Bank of Slovakia’s (NBS) Financial Stability Department head Marek Ličák concluded.
It means that even though people will pay more for food, gas or electricity, their salaries will also rise. If higher incomes combine with savings, the financial situation of some people will improve compared to the past.
How it is possible?