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Enough for the time being

Central bank governor Marián Jusko says it may be a long time before interest rates fall again because of an expected jump in inflation to 8.5-9 per cent in 2003 from around 3 per cent this year.

The bank lowered its key rate this week from 8.25 to 8 per cent, expressing confidence in the new centre-right coalition government’s fiscal spending cuts.

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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