Slovakia stays on course despite the global financial storm
Brett Tudor (Lite Member) Slovakia stays on course despite the global financial storm
Posted: Sep 30 08 14:34
Total Posts: 8
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Interesting to hear Slovakia’s robust economy is weathering the global financial storm according to the country’s central bank.

Sept 30 (Reuters) - There are no signs of any impact of the global financial turmoil on future euro zone member Slovakia, central bank Governor Ivan Sramko said on Tuesday.

Sramko said the bank's board did not discuss any changes to the main interest rate, set on par with the European Central Bank's at 4.25 percent, at its monetary policy meeting earlier in the day. Slovakia will adopt the euro in January.

Sramko said inflation and growth were developing in line with forecasts, with prices mainly driven by cost factors, but added that wages were rising at an inappropriate pace.

http: / /www .forbes .com /afxnewslimited /feeds /afx /2008 /09 /30 /afx5488339 .html

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