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The government handed out more hard currency in the second quarter, which may have boosted growth.
The bank attributes the increased pace of inflation to the "vicious cycle" of the depreciation of the currency in the second quarter and the increase of uncertainties surrounding energy shortages and their potential economic and political impact, the bank said in a report.
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It can call on about $220 billion of hard currency in the first instance.
The government also used taxes and regulatory measures to weaken the currency in the first half of 2012.
The Slovaks feel betrayed by what has happened to their money, like the many Germans who are bristling with indignation in part because they were never keen on the currency in the first place.
France's bathroom blues ReprintsAbove all, to the immense satisfaction of government and most of business, Portugal looks all but certain to join Europe's single currency in the first intake in January 1999.
A string of conflicting newspaper reports from Germany and elsewhere have made Italians increasingly doubtful about their country's chances of joining the single currency in the first wave despite their sacrifices.
Still, Cendant's lackluster stock presents something of a Catch-22: without a strong currency in the first place, it is difficult to do very many deals, said Thomas Graves, an equity analyst at Standard & Poor's.
But the Nazi-era accusation gained currency in the Third Reich because it was deployed by Hitler and his followers to depict Jews as traitors to the German nation.
Most Portuguese, who are proud that their country has managed to join the single currency in the first intake, agree he cuts a fine figure abroad but want him to stay on at home.In this section Europe's misplaced parliament A Portuguese riddle Jerzy Buzek, doughty but adrift Creeping up Fascism resurgent?
Where is the solidarity and support that is meant to be the reason why we are all unified in this common currency in the first place?" Maria Zembyla, from Nicosia, said the levy would make a "big dent" in her family's savings and "erode the investor confidence".
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