Spectator on facebook

Spectator on facebook

IN SHORT

Central bank keeps key rates on hold

AT A MEETING of its Bank Board on January 30, the central bank decided to leave key interest rates unchanged.

NBS spokesman Igor Barat informed the SITA news wire that the one-day sterilization repo rate was to remain at 3.25% and the one-day refinancing rate at 6.25%. The two-week sterilization repo-rate holds at 4.75%.

The central bank raised interest rates four times last year in its efforts to combat inflation ahead of Slovakia's expected entry to the euro-zone in 2009.

In February and May the increase was 50 basis points, while in July the bank raised the two-week sterilization repo-rate by 50 points and the one-day refinancing repo-rate by 100 points, leaving the one-day sterilization repo rate unchanged. In September the central bank increased rates by 25 basis points.

Top stories

Cloud computing becomes a standard

External servers are now much more secure than local business ones, according to experts.

Slovak firms have their eyes on the cloud.

Slovaks drink less and less

Behind the decline in alcohol consumption is, for example, the abandoning of the habit of drinking at work – typical especially during communism, according to an expert.

Kiska: Even Europe has its aggressive neighbour

President Andrej Kiska addressed UN commenting poverty, instability and climate change.

President Andrej Kiska

Arca Capital enters the banking sector

Czech and Slovak financial group acquires a majority share in Austrian private bank Wiener Privatbank.

Bank, illustrative stock photo