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.

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News digest: Health care staff still lacking, president asks for amends

Slovakia is preparing to launch the nationwide testing on Saturday morning, but the government admitted they still need hundreds of health care staff. Kotleba violates quarantine and hospitals in the north are full.

The Bratislava Self-Governing Region started testing its staff on October 30.

Testing is impossible to carry out as planned, president says

President Zuzana Čaputová asked the government to reconsider measures for people who do not get tested, many will not get a chance.

President Zuzana Čaputová met with the representatives of the armed forces.

The big test is upon us. What are we to do?

For a foreigner living in Slovakia, there is yet another concern.

Health care professionals still lacking ahead of Saturday's testing

Government avoids mobilisation for now, PM offers an extra bonus to health care professionals who can serve the whole weekend.

Dolný Kubín