NBU lowers discount rate to 16.5%

NBU lowers discount rate to 16.5%

Ukrinform
The National Bank of Ukraine (NBU) has decided to reduce the discount rate to 16.5%, NBU Governor Yakiv Smolii has said.

"The Board of the National Bank of Ukraine has decided to reduce the discount rate to 16.5% per annum from September 6, 2019," Smolii said at a press conference on Thursday.

According to him, the NBU continues the cycle of easing monetary policy as it expects inflation to slow to the target of 5%.

Earlier, the NBU Board decided to reduce the discount rate to 17% per annum from July 19, 2019. On April 25, 2019, the NBU reduced the discount rate by 0.5% to 17.5% per annum for the first time in two years.

The NBU promised to lower the discount rate to 9% in 2020 and to 8% in 2021 if appropriate economic conditions are created in Ukraine.

op


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

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2019 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period:
-