Central Bank warns of rising inflation

Central Bank warns of rising inflation

Prices in Slovakia are expected to rise by approximately 8 percent this year and by 10-14 percent next year, Slovak Central Bank governor Peter Kazimir reported on Wednesday. When presenting the bank's new medium-term forecast, he noted that this high inflation will be accompanied by weakening of economic growth, which is expected to stand at 2-3 percent in the next few years. In the event of dramatic developments in the war in Ukraine, economic growth could even come to a halt next year, warned the Central Banks analysts.

Source: TASR

Zuzana Botiková, Photo: TASR

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