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.
31. Oct 2002 at 10:23
