Slovene Export Company to Get Equal Status as Business Banks

The Bank of Slovenia will replace the retail price index with the consumer price index as a basis to calculate its basic interest rate on 1 January 1998, the Bank of Slovenia Council decided at its session on Tuesday. Using the consumer price index will also ensure international comparability and adjust procedures to the EU's methodological requirements for calculating and comparing inflation rates between member nations showing fulfillment of the Maastricht convergence criteria.

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