Slovak central bank warns on intervention

A senior official in Slovakia's central bank said on Monday 17 January the bank was still prepared to intervene in the currency markets to weaken the crown.

Martin Barto, a member of the board of the central bank, hinted direct intervention in the currency markets or interest rate cuts provided they did not threaten the bank's inflation target.

Last year, the central bank used both interest rate cuts and direct intervention in an effort to halt the appreciation of the crown.

The efforts appeared