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National Bank of Ukraine lowers refinancing rate from 30 to 27%

August 27, 2015, 15:15 UTC+3
NBU increased the refinancing rate and the discount rate to 30% on March 4 of this year and decided to keep them at 30% on June 26
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© Valery Sharifulin/TASS

KIEV, August 27. /TASS/. The Board of the National Bank of Ukraine (NBU) made a decision to lower the key rate from 30% to 27% from August 28, 2015, NBU press service said on Thursday.

"Considering inflation risks’ lowering, the board of the National Bank of Ukraine considers it possible to start relaxation of the monetary policy, aligned with anticipated decline of annual inflation," the regulator said.

At the same time, "the monetary policy will remain relatively tough to support the disinflation trend and prevent the impact of external shock on the economy of Ukraine," the National Bank said.

NBU increased the refinancing rate and the discount rate to 30% on March 4 of this year and decided to keep them at 30% on June 26.

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