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Bank of Slovenia Releases 1997 Monetary Policy Objectives

Ljubljana, 7 May - BANK/SLOVENIA/OBJECTIVES/MONETARY/POLICY
Governor of the Bank of Slovenia France Arhar presented, at a news conference Wednesday, the objective of the central bank monetary policy for 1997 and the assumptions the adopted goals are based on. This is the first release of monetary policy goals since the Bank of Slovenia was established in 1991. The document was unanimously endorsed by the Bank of Slovenia Council at its session on Tuesday. The central bank's main goals remain stable national currency, the tolar, and lower inflation, told Governor Arhar. The Bank of Slovenia remains committed to lowering inflation on a European level over the coming years. The bank estimates the goal could be achieved already in 1997, provided the middle-term indirect monetary policy goal, the M3 aggregate, increases by 18 percent, says the document.

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