Ukraine embarks on easing cycle

Yakiv Smolii
Yakiv Smolii

The National Bank of Ukraine made the first in what it expects will be a series of rate cuts on April 25, as inflation continues to gradually fall.

“Inflation has been on a steady decline towards the 5% target, allowing the NBU to launch a cycle of key policy rate cuts,” said governor Yakiv Smolii at a press conference. The board chose to cut the main rate 50 basis points, to 17.5%.

But the governor added: “At the same time, the NBU board sees risks that may hinder the plans to lower the rate

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