NBU from tomorrow reduces key policy rate to 12.5%

NBU from tomorrow reduces key policy rate to 12.5%

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%.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the internet that are open to search systems, hyperlinks to ukrinform.ua not lower than the first paragraph are mandatory. Citing and using materials in ofline-media, mobile apps, SmartTV are allowed only with receipt of a written permission from "ukrinform.ua". News and publications marked "Advertisement" and articles in the block "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2018 Ukrinform. All rights reserved.

Website design Studio Laconica
Extended searchHide extended search
By period:
*/ ?>