BUSINESS SHORTS

Central bank keeps interest rates unchanged

THE NATIONAL Bank of Slovakia (NBS) kept all key interest rates unchanged at its regular monthly monetary meeting on June 26. The decision leaves the key two-week repo rate at 4.25 percent, while overnight rates remain at 5.75 percent for refinancing operations and 2.25 percent for draining excess market liquidity, the NBS told the SITA newswire. The decision to keep the rates steady for the second month in a row was in line with market expectations.

"The bank board considers the current monetary policy setting to be appropriate," NBS Governor Ivan Šramko told the press.

This step confirms the end of a short cycle of easing monetary policy, said NBS spokesperson Jana Kováčová. The bank board lowered interest rates in two consecutive months 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.

Get daily Slovak news directly to your inbox

Top stories

News digest: Slovakia tests en mass and launches vaccination of seniors

Health minister admits resignation if alert system not observed. Slovak diplomat has a new lucrative post.

The vaccination in nursing homes started.

A swab instead of a jab. The renamed testing kicked off

The government spent the week deciding about nationwide testing. Lockdown is starting to show in infection numbers, experts say.

Košice

Curfew will be prolonged. Negative test result will be required for work or trips to nature (FAQ)

Here are some of the answers to questions about the ongoing mass testing.

Nitra

Why Trump's Twitter ban is no censorship

The solution is to force Facebook to regulate their content more — not less.