Spectator on facebook

Spectator on facebook

Central Bank leaves key interest rates unchanged at 4.25 percent

The Slovak central bank (NBS) decided to keep all key interest rates unchanged on June 24, Jana Kováčová from the NBS told the TASR newswire.

The Slovak central bank (NBS) decided to keep all key interest rates unchanged on June 24, Jana Kováčová from the NBS told the TASR newswire.

This means that key interest rates in Slovakia haven't changed for 14 consecutive months. The decision left the key two-week repo rate at 4.25 percent, while the overnight rates remained at 5.75 percent for refinancing operations and at 2.25 percent for draining excess market liquidity.

The NBS rates and those at the European Central Bank (ECB) have to be unified before Slovakia joins the eurozone on January 1, 2009. The rates currently differ by 0.25 percentage points.

Until recently, analysts assumed that the NBS would lower its rates, but the latest statements by ECB representatives imply that it could raise its rates instead. TASR

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

Top stories

New legislation protects creditors from unfair mergers

Fraudulent mergers were a legal business model enabling unfair businesses to get rid of debts

Tightening conditions when merging companies will increase the red tape of lawful mergers and prolong this procedure.

Blog: How long until a robot takes your job?

Are robots really taking over? What are the benefits and what are the risks?

Illustrative stock photo

Fifty Shades of Grey: Slovakia's Olympic outfits will not stray from tradition

The official outfit for Slovak athletes at the Pyongyang Olympic Games has been presented; the Slovak Olympic Committee (SOV) is not satisfied.

Olympic outfit of Slovak athletes

EMA will go to Amsterdam, not Bratislava

The Slovak capital finished fourth in first round of vote for the seat of the prestigious European Medicines Agency

EMA will move from London due to Brexit. It will go to Amsterdam.