top of page

Corporate loans are expensive in Slovakia

The interest rate on corporate loans rose to 6.21% in August, the 3rd-highest level in the euro area after Greece and Lithuania, NBS data show. The eurozone average is 4.99% and in Luxembourg it is just 3.22%. Expensive loans have a crippling effect on investment activity. Even mortgage rates, which were among the lowest in the eurozone in Slovakia, are already above the eurozone average (3.88% vs. 3.95%). ECB interest rates have apparently already peaked, so no further increases credit rates are expected.


Comments

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

bottom of page