(Bloomberg) -- The Slovak koruna rose against the
euro, snapping a five day losing run, on signs inflation will
remain elevated, prompting the central bank to keep interest rates
on hold tomorrow.
A government report today showed April producer prices rose
an annual 2.2 percent. Policy makers at the Slovak central bank
will probably decide to keep the benchmark rate at 4.25 percent
tomorrow, according to all 17 economists in a Bloomberg News
survey. The koruna was the best performer against the euro today
among 72 currencies tracked by Bloomberg.
Read more at Bloomberg Currencies News
euro, snapping a five day losing run, on signs inflation will
remain elevated, prompting the central bank to keep interest rates
on hold tomorrow.
A government report today showed April producer prices rose
an annual 2.2 percent. Policy makers at the Slovak central bank
will probably decide to keep the benchmark rate at 4.25 percent
tomorrow, according to all 17 economists in a Bloomberg News
survey. The koruna was the best performer against the euro today
among 72 currencies tracked by Bloomberg.
Read more at Bloomberg Currencies News
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