Slovak crown rebounds vs euro before rate meeting

...risk aversion will remain the key driver 
in the near term. 
    The crown was trading at 33.400 per euro  at 0730 
GMT, compared with 33.530 seen late on Monday. 
    The Slovak unit has been volatile in recent days and is now 
1.2 percent down from four-month highs seen one week ago as 
investors become more wary about emerging markets. 
    "Today's decision by the central bank will likely be 
overshadowed by global risk aversion," Slovenska Sporitelna said 
in a market note. 
    The National Bank of Slovakia (NBS) is widely expected to 
announce between 11.15 a.m.-1 p.m. (0915-1100 GMT) that it is 
keeping the key two-week repo rate unchanged at 4.25 percent 
despite a favourable inflation outlook. 
    The NBS cut rates twice by 25 basis points earlier this 
year, but analysts now expect it to wait for a European Central 
Bank rate hike to even out local borrowing costs with euro zone 
levels as part of Slovakia's attempt to adopt the euro in 2009.