Slovak crown flat, rate decision to give impetus

    BRATISLAVA, Oct 30 (Reuters) - The Slovak crown ended flat 
against the euro after mixed trading on Monday, as investors 
waited to see whether the central bank raises interest rates at 
its monetary policy meeting on Tuesday. 
    The crown was at 36.340 to the euro as of 1630 GMT, little 
changed from 36.330 seen late on Friday. 
    The Slovak unit appeared to have stabilised on Monday after 
a bullish mood on central European markets and a series of 
positive domestic developments repeatedly pushed it to record 
highs versus the euro earlier in October. 
    "It seems the market is locked within a range of 
36.250-36.500 to the euro," said Tatra Banka dealer Boris 
Somorovsky. 
    "If the central bank raises interest rates, we can expect 
the crown to test the 36.250 per euro level." 
    A majority of analysts polled by Reuters have predicted the 
central bank to raise the key two-week repo rate to 5.00 
percent, from 4.75 percent, in October to keep off inflation 
pressures that could endanger euro adoption planned for 2009. 
    But some analysts have said recent crown appreciation could 
delay monetary policy tightening for November or December. 
----------------MARKET SNAPSHOT AT 1640 GMT------------------- 
Crown/Euro <EURSKK=> 36.340 vs 36.330 on Friday (-0.04 pct) 
Crown/Dollar <SKK=>  28.583 vs 28.550 (-0.12 pct) 
5-yr govt bond <SK5YT=RR> yield 4.648/449 at 4.649/449 
8-yr govt bond <SK8YT=RR> yield 4.539/340 vs 4.499/4.299 
-------------------------------------------------------------- 
 ((Reporting by Martin Santa; editing by Gerrard Raven; Reuters 
Messaging: martin.santa.reuters.com@reuters.net; +421 5341 
8402)) 
  Keywords: MARKETS SLOVAKIA CROWN CLOSE