Spectator on facebook

Spectator on facebook

Key interest rates hold steady

IN LINE with market expectations, the National Bank of Slovakia (NBS) Bank Board kept all key interest rates on hold for the fourth month in a row.

The board decided on the key rates on August 28. The two-week repo rate remains at 4.25 percent, while the overnight rate for refinancing operations stays at 5.75 percent, and the overnight rate for draining excess market liquidity remains at 2.25 percent, NBS spokesperson Jana Kováčová told the TASR newswire.

There haven't been any significant differences in the economy's development in the past month, NBS governor Ivan Šramko said in a statement explaining the move.

"In light of this fact, the Bank Board has decided to retain the current levels of rates," Šramko said. "None of the Bank Board members submitted a proposal to change the rates."

The governor said the year-on-year growth dynamics of inflation have continued to slow down. Compared to NBS expectations, growth in July was slightly slower, which was influenced by changes to foodstuff prices, which have been extremely volatile.

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