ADVERTISEMENT

Slovak central bank keeps interest rates on hold

Analysis

Tuesday, the Slovak central bank kept its interest rates unchanged for the eighth month in a row, in move to curb rising inflation.

The decision came in line with expectations. The National Bank of Slovakia maintained interest rate at 4.25%. Similarly, the overnight refinancing rate is held at 5.75% and overnight sterilization rate at 2.2%. Monday, the central bank noted that the harmonized index of consumer prices, or HICP, increased 2.3% on a year-on-year basis in November, above the central bank’s expectation. In October, the HICP gained 2.4%. Core inflation, which excludes volatile energy and unprocessed foodstuffs, reached the level of 2.6%, relative to 2.2% in October. (rttnews)

ADVERTISEMENT

Manufacturing Purchasing Managers' Index rises Analysis

Manufacturing Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Magyar Bankholding chairman to serve as CEO as well Appointments

Magyar Bankholding chairman to serve as CEO as well

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.