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.
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%.
