NA ZAČIATOK
|
Financial Market, January 31, Opening
BRATISLAVA, January 31, (SITA) -- In the last day of the second January evaluation period for meeting the minimum reserves requirement, the banking sector started the trading in a cumulative surplus of about 5 billion SKK. Commercial banks met the minimum reserves requirement on a cumulative basis at 100.85 percent on Sunday when they deposited 42.375 billion SKK on their reserve accounts in the central bank.
Therefore, the National Bank of Slovakia (NBS) announced on Monday it would intervene on the market with a 4 billion SKK two-week sterilization repo tender. The shortest SKK deposits opened at 7.5/8 percent p.a., while tom/nexts were at 8.9/9.4 percent p.a. One-week funds were traded at 9.2/9.7 percent p.a., and two-week money at 9.4/9.9 percent p.a. One-month deposits ranged between 9.5 and 10 percent p.a. and the price of two and three-month money was 9.6/10.1 percent p.a. Six-month deposits were quoted at 9.8/10.3 percent p.a. At its regular meeting on Friday, the NBS Bank Board set its one-day repo rates at 8 percent for sterilization operations and at 12 percent for refinancing operations. These rates apply from February 1. The NBS Bank Board decision stems from the approved monetary program of the central bank for 2000, in which the NBS announces a gradual shift from quantitative to qualitative control of the monetary policy through the setting of one-day interest rates for individual operations with commercial banks. On the FOREX market the SKK opened at 43.30/43.33 towards the euro on Monday, while the Fridays final exchange rate was 42.380/42.380. Banks quote the USD/SKK at 43.096/43.196 and the CZK is available at 1.1797/1.1857 SKK.
|
Návrat na predchádzajúcu stranu
|
