Spectator on facebook

Spectator on facebook

NBS Bank Board cuts key interest rates

The National Bank of Slovakia’s (NBS) bank board decided on April 24 to lower key interest rates by 0.25 percentage points. This means that the rate for two-week repo tenders will go down to 4.25 percent, while the rate for overnight refinancing operations will be cut to 5.75 percent, and the rate for overnight sterilization operations will fall to 2.25 percent. The measure will take effect on Wednesday, April 25. After this step was announced, the Slovak crown paradoxically appreciated on the forex market.

The currency had begun to weaken earlier in the day, slipping from its opening level of Sk33.60/EUR to almost Sk33.70/EUR.

However, according to economic analysts, these cuts represent only an adjustment of the rate to the already existing situation on the market.

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Slovakia is the first country to test a new VAT refund app

Getting money back for buying souvenirs in Slovakia will be easier - there will be an app.

Illustrative Stock Photo

Prosecution has found errancies in criminal files related to self-employed farmers

General prosecutor feels that some prosecutors in the east of Slovakia follow their own conscience and opinion and not valid legislation.

General prosecutor Jaromír Čižnár

Begin afresh

I’m not sure if there is a typical Canadian way to get married.

Homophobic banners attributed to Ján Mrva give rise to criminal complaint

The Bratislava Mayoral candidate denies being behind the banners but has not condemned the contents argues NGO.

Ján Mrva