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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.

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