Slovenia cb to retain role after joining euro

Mitja Gaspari, governor of the Slovenian central bank, has said that, contrary to prevailing opinion, the institution will remain important after Slovenia's euro switchover on 1 January 2007.

It will continue to control domestic banks and have to develop additional analytical functions, Gaspari told the participants of a business conference in Portoroz on Friday, 17 November.

"The Bank of Slovenia will lose its decision-making ability on interest rates and exchange policy", Gaspari added.