More Tightening Ahead

July 2006 | Market Strategy

BMI View: The National Bank of Slovakia hiked rates by 50bps to 4.50% on July 25, and there could well be another 100bps of tightening in the current phase of the cycle. Higher government spending, recent koruna weakness, a strong domestic economy and global inflationary pressures are pushing HICP above the central bank's

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