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.

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