Slovak Republic: 2007 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

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Volume/Issue: Volume 2007 Issue 226
Publication date: July 2007
ISBN: 9781451835557
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Labor , Public Finance , Business and Economics - Statistics , ISCR , CR , GDP , Slovakia , unit value trade price price index , Maastricht inflation criterion , NBS policy rate , appendix I , Slovak Republic , NBS official , currency appreciation , current account , Wages , Budget planning and preparation , Baltics

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Summary

The staff report for the 2007 Article IV Consultation highlights the Slovak Republic’s macroeconomic outlook and policy discussions. The National Bank of Slovakia (NBS) has been following a hybrid monetary framework focused on restraining inflation and on maintaining the exchange rate within the Exchange Rate Mechanism 2 (ERM2) requirements. Executive Directors encouraged the NBS to conduct its policy, and its communications with market participants. They also stressed the importance of ensuring that the labor code amendments under consideration would not raise labor costs and reduce labor market flexibility.

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