NBU raises discount rate to 8.5%

"The Board of the National Bank of Ukraine has decided to raise the discount rate to 8.5%," NBU Governor Kyrylo Shevchenko said at a briefing, an Ukrinform correspondent reported.

Prior to that, the NBU raised the discount rate to 8% per annum from July 23. In June, the central bank kept the discount rate at 7.5%.

On April 16, the NBU raised the discount rate from 6.5% to 7.5% and from 6% to 6.5% on March 5.

The discount rate at the level of 6% had been in effect in Ukraine since June 2020.

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