April 24, 2018 / 12:38 PM / 3 months ago

Slovak central bank keeps countercyclical buffer at 1.25 percent

BRATISLAVA, April 24 (Reuters) - The Slovak central bank on Tuesday kept its countercyclical capital buffer for banks unchanged at a rate of 1.25 percent, effective from May 2019.

Slovakia was the first euro zone member to put the charge in place to tame lending. Banks have had to meet a buffer rate of 0.5 percent since August 2017. From August this year, the rate will rise to 1.25 percent. (Reporting By Tatiana Jancarikova; Editing by Jason Hovet)

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