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.

Get daily Slovak news directly to your inbox

Top stories

News digest: Slovakia still dealing with the loss of its talent

Economy minister promises extensive support for hydrogen technologies in Slovakia. Far-right supporters protested in front of PM’s house during the weekend.

The far-right ĽSNS organised a protest in front of PM Igor Matovič's house in Trnava.

Hospital manners expose the toxicity of Kollár

Unjustified privileges overshadow some good news of the coalition's work. Halloween testing will not be repeated during advent time.

PM Igor Matovič (l) and Speaker of Parliament Boris Kollár

Sulík’s party benefits from the dispute with PM Matovič

The Hlas party of former PM Pellegrini is rising, too.

Economy Minister Richard Sulík (l) was charged by PM Igor Matovič (r) to purchase millions of antigen tests.

Anyone can publish a book. Authors often avoid publishers

Self-publishing is setting a new trend.

Nikoleta Kováčová has published two cookbooks without the aid of a publishing house.