Slovakia leaves rate unchanged

The Slovakian central bank maintained interest rates on Tuesday 21 December, as was widely expected by markets.

The basic rate remains unchanged at its record-low level of four percent, which has applied since the end of November. Although the Slovakian currency, the crown, is at all-time high levels, the central bank stressed that it was not willing to reduce interest rates just to temporarily weaken the currency, since this could jeapordize the longer-term priority of keeping inflation withi