National Bank of Ukraine
April 21, 2016
Ukraine’s key monetary policy rate has been reduced by three percentage points to 19%. This was the third cut in eight months, the earlier two being moves of three percentage points in August 2015 and five percentage points a month later. A released statement cites diminishing upside inflation risks and also announces operational changes to streamline the monetary policy framework. Total and core CPI inflation have settled back to 20.9% and 15.0%, and officials project that inflation will fall further to 12% at the end of this year and 8% by end-2017. Growth is positive but low, and the current account deficit is projected to narrow.
Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: National Bank of Ukraine
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