NBU lowers discount rate to 15.5%
Ukrinform
The National Bank of Ukraine (NBU) has decided to reduce the discount rate to 15.5%, NBU Chairman Yakiv Smolii has said.
"The Board of the National Bank of Ukraine has decided to reduce the discount rate to 15.5% per annum from October 25, 2019," he said at a press conference on Thursday.
He noted that the NBU was continuing to ease monetary policy due to the trend towards slowing inflation to the target of 5%.
Earlier, the NBU Board decided to reduce the discount rate to 16.5% from September 6, 2019. In July 2019, the discount rate was lowered to 17%.
On April 25, 2019, the NBU reduced its discount rate by 0.5% to 17.5% per annum for the first time in two years.
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