Rate On Hold, Cuts To Come

February 2007 | Market Strategy

The National Bank of Slovakia (NBS), for the fifth consecutive month, kept interest rates on hold at 4.75% on February 27. This has come on the back of continued positive developments in the country's inflationary environment. The bank has already lowered its end-2007 inflation forecast to 1.5% y-o-y from 2.6% previously. This will be underpinned by favourable dynamics in regulated prices. The deputy chairman of the energy regulator, Jan Klepac, believes a household gas price cut of between 3.97% and 5.64% would be realistic this year, and electricity prices are to stay stable over

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