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NBU reduces the interest rate to 15,5%

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The National Bank of Ukraine (NBU) announced a reduction in the interest rate from 16,5% to 15,5% on 25 October, as inflationary pressures on the Ukrainian economy continued to ease. This was the fourth time the NBU had reduced its main interest rate so far in 2019, and represented a steeper than expected cut of one percent.

Officials from the central bank said the NBU was proceeding with a cycle of easing monetary policy due to expectations that inflation is now firmly on track to slow to the target level of 5%.

Source: UkraineInvest

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