Central bank increases key rates 0.5 percent


YESTERDAY the top board of the Slovak Central Bank (NBS) increased the basic interest rate 0.5 percent to 4.0.

The bank said it increased the rate as a preventive measure against the growth of inflation, SME wrote.

Because of the increase, commercial banks' interest rates on loans and deposits are expected to go up.

NBS Governor Ivan Šramko also did not rule out that the NBS would increase the key rates again by the end of this year.

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