Slovak c.banker: SKK firming after cut unjustified

...chief Ivan Sramko said.

"If really the crown firmed, then of course that is not logical and I expect there is no connection with the central bank board decision," Sramko told reporters on the fringes of a conference in Prague.

He said the bank was ready to use all tools it had to halt an unjustified currency strength.

The crown firmed to 33.600 to the euro after the central bank cut the repo rate by 25 basis points to 4.50 percent from a previous 33.680, but later edged down to 33.660.