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Economy 2019-02-15T05:43:22+02:00
Ukrainian news
NBU Cuts Discount From 15% To 14% Starting October 28

NBU Cuts Discount From 15% To 14% Starting October 28

The National Bank of Ukraine (NBU) has lowered the discount from 15% to 14%, effective October 28.

Ukrainian News Agency learned this from an NBU's statement.

The move is formalised in Resolution 372-rsh of the NBU Board of October 27.

The NBU believes that the relaxation of the monetary policy is thanks to the cushioning of risks for price stability, and accords with the necessary achievement of the inflation targets in 2017 and 2018.

The inflation forecast for the years 2016-2018 remains unchanged: 12%, 8% and 6% respectively.

As Ukrainian News Agency earlier reported, the NBU on April 22 cut the discount rate from 22% to 19%.

March 4, 2015, the NBU raised the discount rate from 19.5% to 30% and many times retained it at 30%.

August 28, 2015, the regulator decreased the discount rate to 27% and to 22% on September 25, 2015.

The NBU reduced the discount rate from 22% to 19% on April 22, 2016, on May 27, 2016 the NBU brought it down to 18%; and to 16.5% on June 24, 2016.

July 29, 2016, the NBU lowered the discount rate from 16.5% to 15.5% and to 15% on September 16, 2016.

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