Analysts expect Central Bank to keep interest rates on hold

Analysts expect the National Bank of Slovakia (NBS) to keep interest rates on hold in August.

"Development in the eurozone is of key importance to Slovakia. I do not expect the European Central Bank to change its interest rates this year, so the base rate of the National Bank of Slovakia should remained unchanged in the period prior to the eurozone entry," said Slovenská Sporiteľňa analyst Michal Mušák.

Slovak interest rates correspond to the rates in the eurozone. The base rate is 4.25 percent. SITA

Compiled by Zuzana Vilikovská from press reports
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