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

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships.

Blog: Why did I come here?

A group of teachers and students from the Bratislava-based school gathered to support their friend, colleague, and fellow foreigner, as she had already tried four times just to get in the door of the foreign police.

Queue in front of the foreigners' police department in Bratislava.

Teachers and scientist support anti-corruption march

They praise the activities of students who may change the current state of corruption.

Organisers of the first student protest, Karolína Farská and Dávid Straka.