NBS governor considers intervention a success

The governor of the Slovak National Bank (NBS), Ivan Sramko, said the intervention on Monday 10 January by the central bank against the strong crown was a success. Following Wednesday's Cabinet meeting, Sramko told reporters he believed the interventions had had "the desired effect."

The NBS intervened Monday when the crown hit an all-time high of SKK 38.50/EUR. The currency then fell to SKK 38.73/EUR, but has since climbed back to SKK 38.65/EUR. "We shall accept some firming of the crown, but