Ukrainian central bank cuts rates

Pyshnyy welcomes falling inflation, foreign exchange stability and prospect of renewed aid

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

The National Bank of Ukraine’s (NBU) monetary policy committee cut its benchmark rate by 50 basis points to 14.5% on March 14. 

The central bank said the lower rate would be “sufficient to maintain the attractiveness of hryvnia assets, safeguard exchange rate sustainability and retain moderate inflation”.  

The NBU decided to resume cutting rates earlier than it had expected, due to several factors that had increased economic confidence. The statement cited “a further decline in inflation

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