National bank keeps interest rates unchanged

THE NATIONAL Bank of Slovakia will keep inter-bank interest rates unchanged the bank board decided at its regular monthly session on May 26, the news wire TASR wrote

In both March and April the bank cut rates by 50 basis points in response to the strengthening of the Slovak crown. As a result, the two-week repo-tender now has a limit rate of 5 percent, while one-day refinancing operations carry 6.5 percent and one-day sterilisation operations carry 3.5 percent.

The decision was expected, said Marek Gábriš, an analyst with ČSOB bank. He sees the Slovak economy heading toward further rate cuts by the end of the year. "Favourable inflation development is expected in August and good foreign trade results should last until September," he added.

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

Get daily Slovak news directly to your inbox

Top stories

Old-age pension scheme gains three new features

Brand new parental bonus raises concerns.

13 h
Ján Sýkora is an easy-going ice-hockey player who has got a great sense of humour.

Fashion brands mean nothing to me. Professional hockey player about his life in central Slovakia

In an entertaining interview, the down-to-earth ice hockey player, Ján Sýkora, talks about being a busy bee with a poor memory.

23 h
Štefan Holý

Deputy PM Holý lied about his exception when travelling to Britain

Corruption demonstrated by a scientist who was barred from travelling.

17 h

News digest: Weekend testing will be possible on buses as well as in companies

Numbers of victims of human trafficking is alarming. Coronavirus spreads among homeless people in Bratislava.

17 h