Slovakia holds rates

The National Bank of Slovakia decided to keep its benchmark rate at 4.25% on Tuesday.

The central bank said: "Inflation has developed in accordance with expectations." The board was unanimously in favour of the decision. It was the fifth consecutive month that the central bank decided to hold rates. Recent data indicated that little has changed since the previous medium-term forecast.

The consumer price index fell in August and is expected to continue to decline until the end of 2007. The

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