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.

Top stories

Man who abducted the president’s son speaks out

The testimony of the former secret service agent could be of importance in a court process against the ex-spy boss.

Former SIS director Ivan Lexa

Press freedom is bleeding across our borders

Critical media are always the first targets of populists and press freedom enemies.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký