BUSINESS IN SHORT

Central bank holds interest rates again

THE NATIONAL Bank of Slovakia (NBS) has once again left key interest rates unchanged. In comments after the NBS bank board’s 26 August decision, NBS Governor Ivan Šramko cited the latest inflation figures and economic data which he said were in line with NBS expectations. He said that there was therefore no reason to change interest rates, the SITA newswire wrote.

THE NATIONAL Bank of Slovakia (NBS) has once again left key interest rates unchanged. In comments after the NBS bank board’s 26 August decision, NBS Governor Ivan Šramko cited the latest inflation figures and economic data which he said were in line with NBS expectations. He said that there was therefore no reason to change interest rates, the SITA newswire wrote.

The bank (NBS) kept its key two-week repo rate at 4.25 percent, in line with the euro zone's benchmark rate. It also kept its overnight repo rates on hold, at 2.25 percent for draining market liquidity and 5.75 percent for refinancing operations. The central bank has kept interest rates unchanged since April last year.


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