NBU plans to cut its interest rate to 9%

Read in Google News!

Ukraine’s central bank is sticking to its goal to cut the nation’s prime rate from 16.5% today to 9% at the end of next year.

“How quickly the key policy rate will get to the 8% level is another issue — it will depend on both internal and external risks,” said Kateryna Rozhkova, a deputy governor of the National Bank of Ukraine.

Ahead of Thursday’s rate-setting meeting of the central bank, Reuters polled 15 Ukrainian analysts. Of the group, 11 forecasts a rate cut to 16.0%, and two forecasts a full percentage point cut to 15.5%.

Читай у Google News!