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Central bank holds interest rates

THE NATIONAL Bank of Slovakia (NBS) again left key interest rates in Slovakia unchanged in July. Following the meeting of the NBS Bank Board on July 29, the two-week sterilization repo rate remained at 4.25 percent. Slovakia’s central bank thus met analysts’ expectations that it would stay with existing eurozone rates.

THE NATIONAL Bank of Slovakia (NBS) again left key interest rates in Slovakia unchanged in July. Following the meeting of the NBS Bank Board on July 29, the two-week sterilization repo rate remained at 4.25 percent. Slovakia’s central bank thus met analysts’ expectations that it would stay with existing eurozone rates.

The key interest rate of the European Central Bank is currently also at 4.25 percent. Simultaneously, the NBS left the one-day sterilization repo rate unchanged at 2.25 percent and the one-day refinancing rate at 5.75 percent, the SITA newswire wrote.

The central bank has not raised interest rates since April last year. The NBS last changed interest rates in March and April 2007, cutting them by 25 basis points in each month.

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