NBU raises discount rate to 16%

NBU raises discount rate to 16%

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Ukrinform
The National Bank of Ukraine (NBU) has decided to raise the discount rate to 16% from the current 14.5%.

Acting NBU Governor Yakiv Smoliy said this at a briefing on Thursday, an Ukrinform correspondent reports.

"The board of the National Bank of Ukraine has decided to raise the discount rate to 16% per annum from January 26, 2018," Smoliy said.

According to him, a tighter monetary policy will contribute to a gradual decline in consumer inflation and its return to the target range in mid-2019.

As Ukrinform reported, in December 2017, the NBU increased the discount rate by 1%, to 14.5%.

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