As part of Zelenskiy’s push to drive down interest rates, the new state program “Affordable Loans 5-7-9%” has received applications from entrepreneurs for loans totaling $300 million

As part of Zelenskiy’s push to drive down interest rates, the new state program “Affordable Loans 5-7-9%” has received applications from entrepreneurs for loans totaling $300 million. Zelenskiy said last week that home mortgages have started to fall below 10%. With annual inflation around 2%, Oleksiy Blinov, head of research for Alfa-Bank Ukraine, writes: “This leaves some room for further (limited) interest rate cuts for the NBU, and we think a 5-5.5% decision is likely on July 23 (current prime rate is 6%).”