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NBS raises interest rates after government fails to act

The National Bank of Slovakia on Friday raised interest rates by half a per cent to 8.25 per cent in response to the government’s failure to adopt decisive measures to curb a higher-than-planned fiscal budget deficit. “Failure to solve risks in public finances, together with an expected rise in lending to the corporate and private sectors, could put pressure on the exchange rate and on inflation” the bank said in a prepared statement.

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

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