Tuesday, April 24, 2007

Slovak Koruna May Fall Versus Euro on Expectations Bank to Cut Rates Today

(Bloomberg) -- The Slovak koruna may decline against the euro on expectations the central bank will cut interest rates today, reducing the appeal of the currency.

The Bratislava-based bank will lower the two-week repurchase rate a quarter-point to 4.25 percent, according to the median estimate of 14 economists surveyed by Bloomberg News. Four predicted no change in the key rate.


Read more at Bloomberg Currencies News

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