NBU from tomorrow reduces key policy rate to 12.5%

NBU from tomorrow reduces key policy rate to 12.5%

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Ukrinform
The National Bank of Ukraine (NBU) decided to cut the key policy rate to 12.5% from May 26, 2017. 

Acting NBU Governor Yakiv Smoliy stated this at a press briefing on Thursday, May 25, an Ukrinform correspondent reported.

He also added that such a decision is aimed at promoting the economic growth in Ukraine.

According to the NBU, the speed and the size of a further key policy rate cut will be conditioned on the assessment of mid-term risks associated with the achievement of inflation targets in 2017, and, more importantly, in 2018. The rate is expected to decrease less markedly in 2017, compared with 2016.

A reminder that the current key policy rate is 13%.

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