Zelensky: Loan interest rates may fall by 2% by year-end
Ukrinform
President Volodymyr Zelensky has said he expects that loan interest rates will fall by 1.5-2% by the end of the current year.
He stated this during an all-day "media marathon" in Kyiv on Thursday, October 10, according to an Ukrinform correspondent.
“The main task was to reduce loan interest rates and give an opportunity to take loans. The lending rate is falling and it will drop by another 1.5-2% by the end of the current year," Zelensky said.
As Ukrinform reported, the Board of the National Bank of Ukraine decided to lower the discount rate to 16.5% per annum from September 6, 2019. Also, the central bank promised to lower the discount rate to 9% in 2020 and to 8% in 2021 if appropriate economic conditions are created in Ukraine.
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