Slovak c.bank cuts key rates by 25bps, as expected

...line with market expectations of a second policy easing in as many months.

Most analysts in a Reuters poll had predicted the 25 basis point rate cut, the same as the March rate reduction, as a reaction to a strong crown currency which had tightened monetary conditions.

The central bank also cut the overnight repo rate to 2.25 percent, from 2.50 percent, for draining liquidity, and to 5.75 percent, from 6.0 percent, for refinancing operations.