EMU Here We Come!

We anticipate the nominal depreciation of the tolar to continue, and we expect few spikes in SIT/EUR. The Bank of Slovenia (BOS) seems set to remain the key determinant of the exchange rate, and has continued to intervene in the forex market since joining ERM-2. With eurozone convergence on track, there is only a limited potential for macroeconomic data to surprise.

To read the full article, please choose one of the following options: