Audio – Slovak Central Bank sees no big need to tighten monetary conditions

October 16, 2007

Ludovit Odor, Slovak National BankSlovak EU-norm inflation has picked up more than expected due to food price growth but there is no big need to tighten monetary conditions, central bank (NBS) board member Ludovit Odor told Reuters Correspondent Peter Laca during the Reuters Central European Investment Summit.

Odor says he saw no huge need to tighten monetary policy conditions very much because he thought they were “close to some optimal level at this stage”.

Slovak EU-norm inflation jumped to 1.7 percent on an annual
basis in September, from a historical minimum of 1.2 percent
booked in both August and July, above market expectations of a
1.6 percent rise.





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