Slovakia's Central Bank Sees First Signs of Cooling Mortgage Market

Slovakia's housing loan market is showing early signs of slowing down, the National Bank of Slovakia has reported. The central bank noted that a number of households took advantage of a period of falling interest rates to take out or refinance mortgages, driving a surge in demand. However, that wave of activity now appears to be tapering off, with the bank identifying the first indicators that the mortgage market is beginning to cool. The National Bank of Slovakia serves as the country's central banking authority, responsible for monetary stability and financial market oversight.