Restrictive Monetary Policy to Continue in 1994

The monetary policy of the Bank of Slovenia will not change in 1994, announced Mr France Arhar, Governor of the central bank, at a session of the Slovenian Bank Association. This means that the monetary policy of the Bank of Slovenia (BS) will continue to be restrictive and its most important aims will be to maintain the appropriate amount of cash in circulation, to maintain the stability of the tolar, to maintain local and foreign solvency and to keep the inflation rate as low as possible. These aims should be subjected to the policy of both the exchange rate and interest rates, due to the demands of the current and expected economic situation, emphasised the report issued by the Slovenian Bank Association.

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