The central bank will cut Ukraine’s interest rate by two percentage points today, to 11.5%

The central bank will cut Ukraine’s interest rate by two percentage points today, to 11.5%, according to a median forecast of 14 Ukrainian analysts polled by Reuters. The current 13.5% prime rate is 3.3 times the 4.1% annual inflation rate recorded in December. Of the economists, the breakdown of forecasts is: seven expect a cut to 11.5%; three – 11%; two – 12% and two – 12.5%. Last year the National Bank of Ukraine cut the rate five times, from 18% to 13.5%.