Ukraine’s Central Bank Rate cut to 13.5% from 14.5%
April 25, 2024
The National Bank of Ukraine‘s policy interest rate was cut to 13.5% from 14.5%, having previously been reduced by 50 basis points in March and 10 percentage points in the second half of 2023. From June 2022 to July 2023, the rate had been held at 25.0%. A statement from the NBU explained that today’s interest rate reduction was made possible because inflation and projected inflation continue to recede but also in view of “lower risks to inflows of international financial support” from the United States and Europe. Inflation is expected to settle within the 4-6% target range by 2025.
Copyright 2024, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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