BUSINESS SHORTS

Key interest rates on hold in October again

THE NATIONAL Bank of Slovakia (NBS) has left the key interest rates unchanged for the sixth month in a row.

After the bank board's regular session on October 30, the two-week repo rate remains at 4.25 percent, the NBS told the SITA newswire. 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 Governor Ivan Šramko said it is not demand but solely cost factors that are creating the current growth in prices, backed by the rising prices of crude oil and foodstuffs.

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