Bank of Slovenia Acting Governor: Further Steps to Depend on the Current Situation

18 April 2025

By David Barwick – FRANKFURT (Econostream) – Bank of Slovenia Deputy Governor Primož Dolenc on Friday said that disinflation was going as anticipated and the European Central Bank’s Governing Council would act on the basis of available information

In a statement posted to the website of the Bank of Slovenia, Dolenc, who is acting as governor following the Slovenian government’s ongoing inability to fill the top spot after the departure three and a half months ago of Governor Boštjan Vasle, said that ‘the disinflation process in the euro area is proceeding as expected.’

‘Future decisions by the ECB Governing Council will continue to be focused on our objective of sustainably stabilizing inflation at 2%’, he said. ‘Further steps therefore remain dependent on the current situation, i.e. on economic and financial data, the development of underlying inflation and the strength of the impact of our measures.’

Data through March indicated weak growth and slower inflation, he said. While PMI data showed some economic strengthening, 'uncertainty about future developments has increased, as recent changes in trade policies pose a significant downside risk to economic activity, which could also be reflected in a changed outlook for inflation’, he said.

Dolenc became acting governor on 9 January, in which capacity he is invited to attend meetings of the Governing Council of the ECB, but does not have voting rights for monetary policy decisions.