The NBS Governor V. Masar said that the NBS Monetary Programme's objective for 1997 is to hold the annual inflation rate between 4.9 - 5.8%; and also to maintain a stable exchange rate of for the Slovak currency within a fluctuation spread which will be increased from 5% to 7%.
The Monetary Programme presumes a 5% GDP growth and an annual M2 money supply of 10.7%.
The content of this article is intended to provide a general guide to the subject matter. It is therefore not a substitute for specialist advice.
For further information contact Ruth Clamp, Arthur Andersen Bratislava on tel: +42 7 5340 545, fax: 42 7 5340 542 or e:mail directly to ruth.a.clamp@ArthurAndersen.com or enter text search 'Arthur Andersen' and 'Business Monitor'.