Base Interest Rate for Short-Term Loans Bids Farewell Today
Ljubljana, 1 July - Slovene banks have introduced nominal interest rates for new short-term loans and liabilities with a maturity period of one year or less as of Monday. This marks the beginning of the end of indexation, as the infamous base interest rate (TOM) - a type of annual interest rate for monetary liabilities which guarantees the preservation of their actual value - will still apply to loans and liabilities with a maturity of over one year. It is to be totally eliminated when Slovenia introduces the euro.
The rest of this news item is available to subscribers.
The news item consists of 4.101 character (without spaces) or 786 words words.
Buy the news item. Price: 2 tokens; on account: 0 tokens.