Central bank governor Marián Jusko says it may be a long time before interest rates fall again because of an expected jump in inflation to 8.5-9 per cent in 2003 from around 3 per cent this year.
The bank lowered its key rate this week from 8.25 to 8 per cent, expressing confidence in the new centre-right coalition government’s fiscal spending cuts.
Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
