Ukrainian central bank cuts rates as inflation falls

The National Bank of Ukraine
The National Bank of Ukraine
Photo: Oksana Parafeniuk

Ukraine’s central bank cut rates by 100 basis points on October 24 after the monetary policy committee agreed that inflationary pressures were easing.

The National Bank of Ukraine’s monetary policy committee voted unanimously to cut its benchmark rate from 16.5% to 15.5%. Ukraine’s year-on-year inflation rate fell in September to 7.5% from 8.8% the previous month. The figure is below the NBU’s July forecast.

The NBU said after the rate decision that it was not changing its prediction, made

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