Surprising analysts, the Central Bank raised Ukraine’s prime rate by a full percentage point, to 7.5%.

Friday, April 16, 2021

By bringing Ukraine’s key rate back to where it was one year ago, the National Bank of Ukraine said it wants to tamp down inflation.

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The Central Bank revised its 2020 inflation forecast to 8%, from 7%.

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Timothy Ash, the Senior Emerging Markets Sovereign Strategist for Bluebay Asset Management, writes from London:

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