VÚB analysts: NBS policy linked to ECB; interest rates may fall soon

The behaviour of the Slovak central bank (NBS) indicates that it is definitely being guided by Slovakia's upcoming adoption of the euro, said VÚB bank analysts on November 24, noting that NBS followed the lead of the European Central Bank (ECB) by reducing its key interest rates in November.

The behaviour of the Slovak central bank (NBS) indicates that it is definitely being guided by Slovakia's upcoming adoption of the euro, said VÚB bank analysts on November 24, noting that NBS followed the lead of the European Central Bank (ECB) by reducing its key interest rates in November.

If the ECB reduces its interest rates, the NBS should follow suit, say the analysts, adding that the market expects the ECB to cut its key interest rate by 0.5 percentage points to 2.75 percent at its session on December 4. A regular NBS session is scheduled for December 19.

"We expect that the NBS, along with the ECB, will reduce its interest rates by 50 points. As happened in November, NBS may react even before December 19, probably on December 9," the analysts stated. 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: Penta partner Haščák reportedly charged with corruption after a police raid

Anti-communist fighters will receive pensions. Sunk tugboat being drawn out of the water.

Jaroslav Haščák

Car industry needs to jump on the latest trends

Economy minister promises extensive support for hydrogen technologies in Slovakia.

The Hydrogen Technology Research Centre (CVVT) is to be launched at the end of 2020 or beginning of 2021 in Košice to do R&D in this field.

Responsibility goes hand in hand with EU advantages, says President Čaputová

President Zuzana Čaputová spoke with Vice President of the European Commission for Values and Transparency, Věra Jourová.

President Zuzana Čaputová

Half of all parents lack time to help their children with distance learning

Some have a hard time motivating their children, others do not understand the curriculum.