•  
  • New York 16:04
  • London 20:04
  • Barcelona 21:04
  • Tokyo 05:04
  • Sydney 07:04

  • SignUp | Login

Slovakia: Inflation slightly above consensus

Fri, May 11 2007, 09:50 GMT
by Stanislava Pravdova

Danske Bank A/S  |  View company's profile


Vote:

0

0

The Slovak Statistical Office has released inflation numbers for April. Although we and consensus had expected further moderation to 2.6% y/y, down from 2.7% y/y in March, inflation in April remained flat. Furthermore, month-on-month inflation rose 0.2%, slightly higher than the consensus forecast of 0.1% m/m.

The main culprit was higher food prices (mainly due to seasonally higher prices of vegetables and fruit). Second biggest contributor to April’s inflation was higher prices in the transport sector.

Inflation in Slovakia has shown a decline since the beginning of this year but today’s figure confirms that food prices are on the rise. Fuel prices represent a main inflation risk as well. All in all, although inflation is expected to drop further in the coming months, the Slovak central bank (NBS) should not downplay possible inflationary risks implying that the NBS should wait with further monetary easing. At the next monetary policy setting meeting at the end of May, we expect the central bank to stay on hold, keeping the key policy rate at 4.25%.

Published on  Fri, May 11 2007, 09:53 GMT


Danske Bank http://www.danskebank.com/ | danskeresearch@danskebank.com


Legal disclaimer and risk disclosure

This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.
Vote:

0

0


Interested in forex trading? forex brokerage firms!


FOREX.com
Contact the broker/FDM
Open a demo account
ACM Advanced Currency Markets SA
Contact the broker/FDM
Open a demo account
GO Markets
Contact the broker/FDM
Open a demo account		FXDD
Contact the broker/FDM
Open a demo account		Alpari (US), LLC
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.