NBU to continue lowering discount rate – Smolii
Ukrinform
Macroeconomic conditions in Ukraine allow the National Bank to continue to reduce the discount rate, according to NBU Governor Yakiv Smolii.
"Small and medium business incentive programs are government programs. For our part, we support commercial banks with liquidity, if necessary. As for the discount rate, we have indeed reduced the discount rate from 18% to 8% since 2019. All conditions, all macroeconomic forecasts suggest that the National Bank has the opportunity to lower the discount rate this year,” Smolii said at a parliament’s meeting on May 13.
As Ukrinform reported, the National Bank in late April reduced the discount rate to 8% per annum.
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