Slovakia braced for euro arrival
MARKET VOICE
ING is forecasting the Slovakian koruna to be fixed to the euro within the 33-34 range. The latest strong growth figures point more to the lower half of the range. Stronger levels than 33 could be reached only if the central bank re-adjusts the parity. There is a threat of this happening if growth remains high, as we expect, resulting in a readjustment to our forecast of the final rate from 33.5 to 33.
Fourth quarter GDP growth last year surprised on the upside at 9.5% compared with the 8.1%
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