Ukraine’s central bank cuts rates to record low

The National Bank of Ukraine
The National Bank of Ukraine
Oksana Parafeniuk

Ukraine’s central bank cut its policy rate to its lowest-ever level, as inflation fell again and the International Monetary Fund formally agreed a large support package.

The National Bank of Ukraine’s monetary policy committee cut its key rate by 200 basis points on June 11, from 8% to 6%. This is its lowest level since Ukraine became independent from the Soviet Union in 1991.

Year-on-year inflation in Ukraine fell to 1.7% in May, the NBU announced on the same date, reaching its lowest year-on

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