The Bank Board of Národná banka Slovenska today (24 October) held its 20th meeting of 2017, chaired by Jozef Makúch, the NBS Governor.
The Bank Board took note of NBS's October 2017 Monthly Bulletin.
The Bank Board took note of the Analysis of Economic Convergence in Slovakia. This document assesses the Slovak economy's progress, compared with other EU Member States and EU candidate countries, in convergence towards the EU average, and also examines Slovakia's institutional and export competitiveness. Its full text will be published on the NBS website.
The Bank Board approved the October 2017 Quarterly Commentary on Macroprudential Policy. The countercyclical capital buffer (CCyB) rate for domestic exposures is currently set at 0.5% with effect from 1 August 2017 and at 1.25% from 1 August 2018. Under the Bank Board's decision of 24 October 2017, the CCyB rate will remain at 1.25% from 1 November 2018.
The Bank Board approved a Decision amending Decision No 7/2015 of Národná banka Slovenska on conditions for opening and administering PM accounts in TARGET2-SK, a Decision amending Decision No 8/2015 of Národná banka Slovenska on conditions for opening and administering dedicated cash accounts in TARGET2-SK, and a Decision amending Decision No 4/2010 of Národná banka Slovenska on settlement procedures for TARGET2-SK ancillary systems, as amended.