Central bank lowers key interest rates

The country's central bank, the National Bank of Slovakia (NBS) lowered key interest rates by 0.25 percentage points, effective as of September 26.

The one-day sterilization repo rate will dip from 5 percent p.a. to 4.75 percent p.a. and the one-day deposit rate will fall from 8 percent p.a. to 7.75 percent p.a. Similarly, the two-week sterilization repo rate will decrease from 6.5 percent p.a. to 6.25 percent p.a., reported news wire SITA.

Most financial analysts were surprised by the central bank's move since, based on a recent statement by bank representatives, they had not anticipated changes to the bank's monetary policy. However, most of them assume the NBS move will only have a marginal effect on Slovakia's economy.

The NBS's move pushed the crown down from 41.25/28 SKK/EUR to 41.28/32 SKK/EUR.

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

Top stories

News digest: Prosecutor calls charges against journalists unlawful and unfounded

Editors-in-chief supported accused journalists before charges were dropped. Poll unveils how an ideal foreigner should look. No vote on changes to the Citizenship Act.


10 h
The latest Focus poll has found that 57.7 percent of Slovaks think the government should not be lenient when it comes to taking refugees in.

Show us you belong and we will accept you. Poll shows Slovaks' attitudes to foreigners

The latest Focus poll unveils how an ideal foreigner looks to Slovaks, and if Slovakia can ever become a home to foreigners.


20. sep
The media have condemned the change, approved by MPs, that extends the moratorium to 50 days

We condemn the latest attack against journalists

Slovak journalists stand behind their colleagues from Denník N.


21 h
Former special prosecutor Dušan Kováčik escorted to the courtroom on September 20.

The ten strongest points of the verdict against former special prosecutor

Dušan Kováčik is the first high-ranking official under the Smer-led governments to hear a guilty verdict on corruption charges.


17 h
Skryť Close ad