Bratislava - Slovakia, which will switch to the euro on January 1, has no immediate plans to match the European Central Bank's interest-rate cut, a national bank spokeswoman said Thursday.
Slovakia's financial sector has an adequate capital base and enough liquidity to operate at current borrowing costs, spokeswoman Jana Kovacova said.
The Slovakian National Bank will bring interest rates back in line with the ECB at some point before joining the eurozone, she said.
The ECB joined the US, British, Canadian, Swiss and Swedish central banks Wednesday in slashing rates by half a percentage point in a bid to prop up tumbling stock markets and ease frozen-up credit markets.
The move left the ECB's lead rate at 3.75 per cent.