• According to expectations, ECB left interest rates unchanged at 4%. President Trichet used sharper rhetoric due to higher inflation figures in the last month. However, interest rates will probably remain unchanged. • British Central Bank also left interest rates at current levels. The base interest rate is at 5.75%. This had been also expected. • Fed expects a considerable slow-down of economy in the fourth quarter and the first part of 2008. Chairman Bernanke also pointed to inflation risks related to high oil prices and weak US dollar. • Economy growth in CEE countries should reach 6.9% this year, according to EBRD estimate. A slow-down to 6.1% is expected next year due to the impact of credit crises worldwide. • Revenues from retail in Slovakia increased only by 1.9% y/y in September, while the market expected an increase of 5.5%. Trade balance ended in surplus of 4.7bl. in September.