Central bank concerned about inflation

WHILE the bank board of the National Bank of Slovakia (NBS) did not increase key interest rates at its March 27 sitting, it did voice concerns over inflation, and did not rule out tightening monetary policy in future.

The board fears that prices will rise more quickly than expected, driven by household consumption and real wage growth, and could endanger the country's macro-economic targets associated with adoption of the euro in 2009.

The NBS reacted to these fears last month by increasing interest rates by 0.5 points to 3.5 percent. According to Ľudová banka analyst Mário Blaščák, rates could rise after general elections in June by a further 0.25 percentage points, the SME daily wrote.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Massive gatherings remember Kuciak and Kušnírová: We did not forget!

One year after the murder of journalist Ján Kuciak, large protests took place around Slovakia.

Protest gathering in Bratislava, February 21, 2019.

Journalists one year after the murder: We will not forget

More than 480 journalists have signed the statement issued exactly one year after the murder of Ján Kuciak and Martina Kušnírová.

Murder of journalist: We need to see indictments of masterminds soon

International journalists’ organisations are “cautiously optimistic” after meeting investigators of the Kuciak murder.

Ján Kuciak

Ján Kuciak and Martina Kušnírová were murdered one year ago (timeline)

These are the notable moments of the first year since the murder.

Paying tribute to Ján Kuciak and Martina Kušnírová.