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Higher Interest Rates Are Urgent Given the Current Situation, Says Arhar

Ljubljana, 28 March - Interest rates in the U.S. and Europe are dropping, while Slovenia has seen the reverse process and higher central bank rates. After the Bank of Slovenia increased short-term interest rates on 12 March, the general discount rate is to rise by one percentage point on 1 April. France Arhar, the outgoing central bank governor, believes that this is not encouraging, but is necessary, given the current monetary situation that has occured through the capital account with foreign countries.

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