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

Šumiac breaks sweat record: first sauna to be revived

The sauna built in Šumiac by miller Michal Demo after returning from Russian captivity was the first one not just in Slovakia but in the entire former Czechoslovakia. Now it can be saved and re-used.

The construction of first Slovak sauna in Šumiac

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between August 18 and August 27, as well as regular services in different languages, training for foreigners in English and highlights of the year.

Pivobrana - Beer Festival

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

Agrokomplex opens its gates Photo

This year’s exhibition has more discussions with experts and a family programme.