Finance

Defying expectations, Ukraine’s central bank decided yesterday to keep the nation’s prime rate at 7.5%

Friday, June 18, 2021

. After May inflation came in at 9.5% yoy — the second highest in Europe after Turkey’s — most economists interviewed by Bloomberg expected a hike. At two previous meetings – in March and April – the Board of the National Bank of Ukraine hiked the rate. The next meeting is July 22.

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Timothy Ash writes from London:

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As part of President Zelenskiy’s ‘Big Construction’ program, Ukravtodor plans to build by 2025, the end of his term, 1,400 km of cement concrete roads on routes leading to Black Sea ports in Odesa, Kherson and Mykolaiv.

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