Slovak cbank to lower reserve requirement in 2001

Some monetary policy instruments of the National Bank of Slovakia (NBS) will undergo changes in the future. The central bank will lower the minimum reserve requirement from currently 6.5% to 5% of the volume of primary deposits beginning in 2001, NBS vice governor Elena Kohutikova told a news conference on Tuesday.

The news conference followed a presentation of the monetary programme of the central bank for the year 2001. The minimum reserve requirement will gradually go down to 2%. Kohutikov