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Statement from the NBS Bank Board's 2nd meeting of 2017

The Bank Board of Národná banka Slovenska today (31 January 2017) held its 2nd meeting of 2017, chaired by Jozef Makúch, the NBS Governor.

The Bank Board took note of NBS’s January 2017 Monthly Bulletin, which will be published on the NBS website.

The Bank Board took note of the update of NBS’s December 2016 Medium-Term Forecast (MTF-2016Q4U) and approved its Opinion on MTF-2016Q4U. Both texts will be published on the NBS website.

The Bank Board discussed and approved the January 2017 Quarterly Commentary on Macroprudential Policy.

It also approved a Decision of 31 January 2017 confirming that the countercyclical capital buffer rate will be increased to 0.5% with effect from 1 August 2017.

The Bank Board approved an Addendum to Macroprudential Policy Recommendation No 1/2014 of Národná banka Slovenska of 7 October 2014 on risks related to market developments in retail lending.

This Addendum revokes those parts of Recommendation No 1/2014 that have been rendered redundant by their adoption into law, specifically through provisions in Act No 90/2016 Coll. on housing loans (and amending certain laws), as amended by Act No 299/2016 Coll., in Decree No 10/2016 of Národná banka Slovenska of 13 December 2016 laying down detailed provisions on the assessment of borrowers’ ability to repay housing loans, and in Act No 129/2010 Coll. on consumer credits and on other credits and loans for consumers, as amended. The remaining provisions of Recommendation No 1/2014 are unchanged.

The Addendum to Recommendation No 1/2014 will enter into force on the date of its publication in the Journal of Národná banka Slovenska.

Martina Solčányiová
NBS Spokesperson

National Bank of Slovakia
Communications Section
Imricha Karvasa 1, 813 25 Bratislava, Slovak Republic
Tel.: +421-2-5787 2142, +421-2-5865 2142, +421-2-5787 2169, +421-2-5865 2169

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