Analysts are divided on whether Ukraine’s central bank will raise its prime rate tomorrow or hold it steady, a Reuters poll showed Tuesday. Half of 16 Ukrainian analysts predict the National Bank of Ukraine will keep the interest rate at its historic post-1991 independence low of 6%, to help businesses. Industrial output, which started recovering in December, shrank 4% yoy in January. The other eight analysts believe the central bank will raise the rate: six expect 6.5% and two expect 6.25%. Inflation jumped to 6.1% in January, above expectations and above the interest rate.
Analysts are divided on whether Ukraine’s central bank will raise its prime rate tomorrow or hold it steady
