Central Bank Rate Cuts in Ukraine and Sri Lanka
January 30, 2020
The National Bank of Ukraine statement stresses a strengthening currency and inflation that has dropped sharply and is now expected to hover below the 4-6% target band until late this year. The rate was cut 150 basis points to 11.0% today and previously had been reduced by 50 bps each in April, July and September of 2019 and then by 100 bps in October and 200 bps in December.
A statement from the Central Bank of Sri Lanka explaining today’s 50-basis point policy rate cut speaks of well-anchored inflation within the 4-6% target, accommodative monetary policy in other countries, and a need to support recovering domestic demand in the face of external uncertainties.
Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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