After cutting Ukraine’s prime interest rate for eight straight meetings, the central bank put on the brakes yesterday, keeping the key rate at 6%.

After cutting Ukraine’s prime interest rate for eight straight meetings, the central bank put on the brakes yesterday, keeping the key rate at 6%. The majorities of economists surveyed by Bloomberg and Reuters has expected a cut. But, citing inflation, the National Bank of Ukraine signaled that the rate would stay at 6% for the rest of this year. The bank said: “We expect the discount rate to remain at the current low level at least until the end of this year.” The next meeting of the monetary board will be Sept. 3.