Honcharuk: Loan interest rates could be lowered due to inflation rate

Ukrainian Prime Minister Oleksiy Honcharuk has said that a decrease in inflation rate gives reasons to talk about lowering loan interest rates in 2020.

"Our strategy is together with the NBU to continue the policy of lowering lending rates. Now we have very favorable conditions. We have a rather low inflation rate of 5.1%, which has not happened for a long time. Such a low inflation rate allows us to talk about lowering lending rates in the near future,” said Honcharuk during the Svoboda Slova talk show on the ICTV channel late on Monday, an Ukrinform correspondent reported.

According to the prime minister, the government has set a goal so that business could count on receiving loans in spring with an interest rate being at 16% per annum, in summer - at about 14% per annum, and in summer - at 12% per annum in hryvnia.

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