Slovak crown down on global mood before cbank meet

30.07.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

BRATISLAVA, July 30 (Reuters) - The Slovak crown weakened against the euro on Monday as risk aversion persisted on emerging markets and dealers...

...said global sentiment will outweigh 
a central bank rate meeting this week as the main driving 
factor. 
    The crown was at 33.530 per euro  as of 1330 GMT, 
versus 33.280 seen on Friday. The Slovak unit has fallen 1.6 
percent against the euro from four-month highs last Monday. 
    The Slovak central bank holds its monthly monetary policy 
meeting on Tuesday, but market players expect no change in the 
key two-week repo rate, currently at 4.25 percent. 
    "We think that space for surprises is limited, particularly 
in the light of currency correction to 33.400-500," ING Bank 
Bratislava said in a market report. 
    Analysts said the central bank, which cut rates twice by 25 
basis points earlier this year, would now wait for a European 
Central Bank rate hike to even out local borrowing costs with 
euro zone levels. 
 

Autor článku

 

Články ze sekce: Zpravodajství ČTK