Interest Rate in Slovakia
Slovakia - Interest RateThe 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
|Policy Interest Rate (%)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Slovakia Interest Rate Chart
Source: European Central Bank.
|Bond Yield||0.13||-4.12 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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July 10, 2020
Industrial production slumped 33.5% year-on-year in May, following April’s 42.0% nosedive, which had marked the sharpest decline on record.
June 15, 2020
Consumer prices rose 0.3% in May over the previous month, following April's flat result.
June 10, 2020
Industrial production dropped 42.0% year-on-year in April (March: -19.6% year-on-year).
June 5, 2020
A second estimate revealed the economy shrank 3.7% on an annual basis (previously reported: -3.9% year-on-year) in the first quarter, contrasting the fourth quarter’s 2.1% expansion.
May 20, 2020
Consumer prices remained unchanged in April, matching March’s flat reading.