ERM-2 Revaluation Confirms Euro-Target View

July 2008
Emerging Europe Monitor: Central Europe & Baltic States;Jul2008, Vol. 15 Issue 7, p9
Country Report
The article presents an economic forecast for Slovakia through 2009. Analysts hold to their euro-conversion target rate forecast of SKK30.13/euro despite the surprise revaluation of the Slovak currency's ERM-2 central parity rate by 15% on May 28, 2008. Analysts believe that the revaluation of the Slovak koruna does not indicate that the National Bank of Slovakia and the European Central Bank will push to set a conversion rate substantially higher then the old upper limit. The country's real-gross domestic product growth is also reported.


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