Spectator on facebook

Spectator on facebook

Central Bank keeps key interest rates on hold again

The key interest rate in Slovakia remains unchanged for the fifth consecutive month.

In line with market analysts’ expectations, the Bank Board of the National Bank of Slovakia (NBS) decided at its meeting on September 25 to keep the two-week sterilisation repo rate at 4.25 percent. The one-day sterilisation repo rate is 2.25 percent and the one-day refinancing rate is 5.75 percent.

The central bank has kept interest rates on hold since April. The central bank in May interrupted a two-month series of interest-rate cuts, when key interest rates decreased by 25 basis points in March and in April.

In 2006, the NBS changed key interest rates four times. The last change last year came in September, when the central bank increased key interest rates 25 basis points.

-SITA

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

Top stories

General Prosecutor filed a motion for the dissolution of ĽSNS

The Slovak Supreme Court received a motion to dissolve the extreme right ĽSNS party founded and led by Marian Kotleba.

Jaromír Čižnár

Russian spies allegedly recruit also Slovaks

They are using martial art clubs in Germany and dozens more in other EU states, in the Western Balkans, and in North America.

Illustrative stock photo

EC scrutinises state aid for Jaguar Photo

There is a question whether the scrutiny may impact the carmaker’s plans to invest in Slovakia.

The construction site of a brand new plant of Jaguar Land Rover near Nitra.

GLOBSEC forum will host guests from 70 countries

The 12th year of the conference will be attended by the highest number of participants in its history.

Slovak President Andrej Kiska gives the opening speech of The Globsec 2016 security conference.