OPIC OF THE WEEK

The Bank of Slovenia Continues with the Policy of Floating Exchange Rate of Slovene Tolar

Ljubljana, 10 April - WEEK/TOPIC/ARHAR/TOLAR
In accordance with the Law on Central Bank, the Bank of Slovenia (BS) must carry out such monetary policy which leads to stable prices and hard national currency, therefore there are no reasons for changing Slovene monetary policy. The gap between the exchange rate and the inflation rate would be smaller if the inflation rate were lower; consequently the price of money were lower, too. The aim is lower inflation rate, being a warrant for permanent economy growth and stable social and economic conditions. Stable conditions would encourage saving, which would again increase investment and creation of new jobs, said BS Governor France Arhar in an interview with STA Editor of Economic Service Lidija Pavlovčič. Arhar has been recently re-elected on this post by the parliament.

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