NBU decreases discount rate to 6%

NBU decreases discount rate to 6%

The National Bank of Ukraine (NBU) has decided to lower the discount rate from 8% to 6% from June 12, 2020.

NBU Governor Yakiv Smolii said this at a briefing on Thursday, according to an Ukrinform correspondent.

“The Board of the National Bank of Ukraine decided to reduce the discount rate to 6% per annum from June 12, 2020,” Smolii said.

As Ukrinform reported, the NBU Board decided to reduce the discount rate to 8% from April 23, 2020, to 10% from March 13, 2020, 11% from January 31, 2020, 13.5% from December 13, 2019, and 15.5% from October 25, 2019. On September 6, 2019, the discount rate was reduced to 16.5%, and in July it was lowered to 17%. Earlier, on April 25, 2019, the NBU for the first time in two years reduced the discount rate by 0.5% to 17.5% per annum.


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