Interest Rate in Slovakia

Slovakia Interest Rate | Economic News & Forecasts

Slovakia - Interest Rate

The economy will have likely slipped into recession in the second quarter, after activity contracted at the sharpest rate in over a decade in the first quarter. Industrial output collapsed at a record pace in April, reflecting depressed manufacturing activity amid lockdown restrictions in the automotive sector, while both retail sales and merchandise exports plunged in the same month. More positively, however, most containment measures were lifted as of mid-May and the national state of emergency ended on 13 June, which should support activity at the tail end of Q2. Moreover, on 22 June the government removed a special tax on bank deposits in return for banks committing to lend more to public and private entities. This has unlocked EUR 500 million and EUR 1.0 billion for state investment and private credit, respectively.

Slovakia - Interest Rate Data

2015   2016   2017   2018   2019  
Policy Interest Rate (%)-     -     -     -     -     

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Slovakia Interest Rate Chart

Euro Interest Rate
Note: ECB Refinancing Rate in %.
Source: European Central Bank.

Slovakia Facts

Value Change Date
Bond Yield0.13-4.12 %Dec 31
Exchange Rate1.120.65 %Dec 31

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