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Central bank raises rates.
(From The Slovak Spectator)
Byline: From press reports
Business shorts THE NATIONAL Bank of Slovakia raised key interest rates by 25 basis points to 4.
75 percent on September 26 over concerns regarding inflation and the fiscal policy of the socialist Robert Fico cabinet.
The decision surprised market watchers, who had not expected a rise for another month, and pushed the Slovak currency higher to SKK37.
39/EUR.
The bank has now raised rates four times this year from 3 percent in January amid concern that with inflation currently ...
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