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Central bank keeps rates on hold despite persisting inflation risks

THE BOARD of the National Bank of Slovakia (NBS) voted unanimously yesterday to leave key interest rates unchanged.

The NBS already raised key rates by 0.5 percent last month, and, according to NBS governor Ivan Šramko, is ready to intervene if inflation worsens.

Inflation has been rising since January and hit a high of 4.8 percent in May.

Compiled by Martina Jurinová from press reports

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