Spectator on facebook

Spectator on facebook

BUSINESS BRIEFS

Central bank lowers key interest rates

THE COUNTRY'S central bank, the National Bank of Slovakia (NBS) has lowered key interest rates by 0.25 percentage points, effective as of September 26.

The one-day sterilization repo rate dips from 5 percent p.a. to 4.75 percent p.a. and the one-day deposit rate falls from 8 percent p.a. to 7.75 percent p.a. Similarly, the two-week sterilization repo rate decreases 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 Sk/EUR to 41.28/32 Sk/EUR.

Top stories

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness