On Thursday, the Board of the National Bank is expected to cut rates at its pre-scheduled meeting. From 6%, a historic low for Ukraine, the rate is expected to be cut to 5-5.5%, economists say. At 5%, Ukraine’s prime would be about double the June inflation rate of 2.4%. Under Yakiv Smoliy, the previous central bank governor, prime steadily fell, from 18% as recently as 18 months ago.
On Thursday, the Board of the National Bank is expected to cut rates at its pre-scheduled meeting.
The financial sector functions despite the war.