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Central bank keeps interest rates unchanged

The National Bank of Slovakia (NBS) bank board kept all key interest rates unchanged at its regular monthly monetary meeting on June 26. Their decision leaves the key two-week repo rate at 4.25 percent, while the overnight rates remain at 5.75 percent for refinancing operations and 2.25 percent for draining excess market liquidity, the NBS told the SITA news wire.

The bank board left the rates unchanged in May. In March and April of this year, the central bank lowered interest rates twice after having left them untouched since February 2005. In March, the key two-week repo rate and overnight rates for refinancing operations were reduced by 0.25 percentage points, while the rate for draining excess market liquidity was reduced by 0.75 percentage points. In April, all three rates were cut by 0.25 percentage points.

Compiled by Zuzana Vilikovská from press reports
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