The National Bank of Ukraine has cut its discount rate to 13.5%, the NBU said on Thursday, UNN reports.
Details
"The Board of the National Bank has decided to cut the key policy rate from 14.5% to 13.5% starting April 26, 2024," the statement said.
According to the regulator, it continues the cycle of easing interest rate policy, given the weakening of actual and expected price pressures, as well as reduced risks to international financial support. "This will help support the development of lending and economic recovery without additional risks to price and financial stability," they said.
"The NBU will adapt its monetary policy in the event of significant changes in the balance of risks. Thus, reducing risks to inflation and exchange rate stability may create preconditions for additional steps to reduce the key policy rate and ease currency restrictions, which will support the development of lending and economic recovery," the regulator said.