BUSINESS IN SHORT

Central bank lowers interest rates

THE NATIONAL Bank of Slovakia (NBS) has cut its key interest rate to 2.5 percent per annum. It thereby followed the decision of the European Central Bank (ECB), which cut its rates during the first week in December. The Slovak central bank reduced the rate for two-week sterilization repo tenders by 75 basis points, the SITA newswire wrote.

THE NATIONAL Bank of Slovakia (NBS) has cut its key interest rate to 2.5 percent per annum. It thereby followed the decision of the European Central Bank (ECB), which cut its rates during the first week in December. The Slovak central bank reduced the rate for two-week sterilization repo tenders by 75 basis points, the SITA newswire wrote.

The NBS at its bank board meeting on December 9 also decided to cut the overnight refinancing interest rate from 4.25 percent to 3.5 percent and the overnight sterilization rate from 2.25 percent to 1.5 percent. The changes came into effect on December 10.


Top stories

News digest: It's an Olympic gold day for most in Slovakia, protest day for some

Trap shooter Rehák Štefečeková wins her first Olympic gold. Anti-vaxxers block traffic in downtown Bratislava. Slovakia has sold its unused Sputnik V doses.


7 h
Bratislava

Adjustments on local level may make all the difference in coping with climate change

You can’t fix the problem if you don’t know what the problem is.


9 h
Zuzana Rehák Štefečeková won Slovakia's first medal at 2020 Summer Olympics in Tokyo.

Golden Zuzana hits nearly anything that moves

Read the story of trap shooter Zuzana Rehák Štefečeková, who won her first Olympic gold in Tokyo.


15 h