INTERVIEW-Slovak cbanker says Q3 GDP rise in line with fcast

14.11.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Slovakia's fast economic growth in the third quarter is broadly in line with the central bank's (NBS) expectations, and growth should...

...stay strong in the fourth quarter, NBS Board Member Peter Sevcovic said on Wednesday.

"We had slightly lower expectations due to some seasonal factors, but in the light of revised foreign trade ... it is in fact more or less in line with our expectations," Sevcovic told Reuters in a telephone interview.

Slovak GDP expanded by 9.4 percent in the third quarter, the Statistics Office's preliminary data showed on Tuesday, keeping the growth pace from the previous three months.

Sevcovic, who heads the NBS's monetary policy department, also said monetary conditions were restrictive enough to keep inflation under control, saying there was no risk missing the euro entry inflation test next spring despite accelerating price growth. (Reporting by Martin Dokoupil; editing by Stephen Nisbet)

Keywords: SLOVAKIA CBANK/SEVCOVIC

[BRATISLAVA/Reuters/Finance.cz]

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