IN SHORT BUSINESS

Crown ignores key interest rate cuts

A STRONG Slovak crown did not react to the move made by the National Bank of Slovakia (NBS) on November 26 to cut key interest rates.

The crown stood at 39.230 to 39.380 SKK/EUR before the cut. After the cut was announced, the exchange rate stabilised at 39.300 SKK/EUR.

NBS governor Marián Jusko told the daily Hospodárske noviny, that not enough time had passed for the crown to react. Analysts, however, continue to predict the crown will rise to maximum levels.

NBS cut interest rates by 50 base points, reduced the limit rate for two-week repo tenders to 4 percent, reduced the overnight refinancing rate to 5.5 percent, and reduced the overnight sterilisation rate to 2.5 percent. The changes took effect on November 29.

Top stories

PM Eduard Heger

Coalition finds a compromise. Non-vaccinated will not pay for tests for work, school or shops

Hundreds of people protested against the amendment that the parliament advanced to the second reading.


5 h
Dancers perform in the streets of Trenčín, spotlighting the architecture of the city.

Slovakia will open a new institute, this time in Jerusalem

Culture, sports and travel stories rounded up in one place.


23. júl
The Office of the Public Defender of Rights flies the rainbow flag to mark the Bratislava Pride in 2021.

The pandemic has made it clear that we must stand together

International friends and partners of Slovakia celebrate Bratislava Pride.


18 h

Bratislava Pride will take place online

It will be streamed on July 24 and accompanied by numerous music performances.


22. júl