Decisions adopted by the Governing Board on 8 January 2008

1. At today's meeting the Governing Board of the Bank of Slovenia was briefed on the latest economic and financial developments, current banking operations, economic relations with the rest of the world and projections of macroeconomic trends. Year-on-year inflation as measured by the HICP remains at a high level, reaching 5.7% in December and showing no signs of slowing in the months ahead. Prices of food and services continue to contribute the most to inflation. The trend of unfavourable movements in core inflation indicators continued in December. Year-on-year growth in the harmonised index of consumer prices, excluding energy, seasonal food and tax effects was 4.6%. Growth in producer prices of manufactured goods has risen to 6.8%, year-on-year. The inflation trend points to the realisation of several risks noted by the Bank of Slovenia in the Price Stability Report. Appropriate macroeconomic policy measures must include inflationary expectations and prevent the emergence of wage-inflation spiral, which could result in a long-term difference between inflation in Slovenia and euro area inflation.
   
2. The Governing Board of the Bank of Slovenia has adopted a decision amending the Regulation on the Tariff for Charging Fees for Bank of Slovenia Services due to the realisation of the single euro payments area (SEPA). As of 28 January 2008, the Bank of Slovenia will make it possible for banks to send and receive SEPA credit payments via a single entry point in the SEPA SVT-CT settlement system. Banks will be charged the same tariff they are charged today for payments via a single entry point in the STEP2 settlement system for the processing of the aforementioned orders.
   
3. The Governing Board of the Bank of Slovenia was briefed on tariff levels for the deposit and exchange of cash for natural persons charged by commercial banks in the territory of the Republic of Slovenia and on the proposed change to the instructions for implementing the Regulation on the Uniform and Comprehensive Notification of Users of Payment Transaction Services Regarding Service Tariffs. With this change, commercial banks are obliged to report to the Bank of Slovenia for the purpose of publishing tariffs for deposits and the exchange of cash for natural persons.
   
4. The Governing Board of the Bank of Slovenia adopted a proposal for the additional minting of collector coins, issued to commemorate Slovenia's EU presidency. The proposal will be submitted to the Government of the Republic of Slovenia for discussion and adoption.