Slovak crown stays in tight range vs euro

...tread water in the run-up to the central 
bank's meeting, rescheduled to April 24 from April 27. 
    The crown eased slightly to 33.460 per euro  as of 
1445 GMT from 33.385 late on Tuesday. 
    "The range is clear, 33.300-33.500 per euro in the coming 
days," said UniCredit bank dealer Marian Sulko. 
    Investors showed no reaction to remarks by central banker 
Ludovit Odor, who said inflation was not showing demand-led 
pressures at the moment and Slovaks will very likely meet the 
inflation yardstick for planned euro-zone entry in 2009. 
    Odor joined the finance ministry in expressing optimism that 
the euro inflation criterion will be met in the second half of 
the year, which some analysts say could open room for lower 
interest rates in the coming months. 
    Some analyst forecast the central bank will deliver a 25 
basis points two-week repo rate cut already in April thanks to 
the strong crown and a bright inflation outlook. The central 
bank cut interest rates by a quarter point to 4.5 percent last 
month. 
 
------------------ MARKET SNAPSHOT AT 1445 GMT ----------------- 
Crown/euro  33.465 vs 33.385 on Tuesday (-0.24 pct) 
Crown/dollar   at 24.625 vs 24.660 (+0.14) 
5-yr govt bond  yield 4.089/3.689 vs 4.082/3.682 pct 
7-yr govt bond  yield 4.287/4.087 vs 4.361/4.141 pct 
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