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Slovak Ctrl Bker: Koruna Remains Key For Monetary Policy BRATISLAVA (Dow Jones)--Slovak central bank Governor Ivan Sramko Monday said the country's monetary policy conditions are stable but the Slovak koruna's exchange rate remains a dominant factor for the bank's interest rate policy. "The exchange rate is a very strong tool for setting monetary conditions, unlike with the ECB (European Central Bank)," he said on the sidelines of an economic conference. Unlike the past two weeks when the Slovak koruna was stable and even slightly depreciated against the euro, the currency "no longer plays a restrictive role," Sramko said.
Slovak Ctrl Bker: Koruna Remains Key For Monetary Policy BRATISLAVA (Dow Jones)--Slovak central bank Governor Ivan Sramko Monday said the country's monetary policy conditions are stable but the Slovak koruna's exchange rate remains a dominant factor for the bank's interest rate policy. "The exchange rate is a very strong tool for setting monetary conditions, unlike with the ECB (European Central Bank)," he said on the sidelines of an economic conference. Unlike the past two weeks when the Slovak koruna was stable and even slightly depreciated against the euro, the currency "no longer plays a restrictive role," Sramko said.
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