The Central Bank is expected to keep Ukraine’s prime rate at the historically low level of 6%

The Central Bank is expected to keep Ukraine’s prime rate at the historically low level of 6% at Thursday’s policy meeting. In a Reuters poll of 15 analysts, 14 predicted that the National Bank of Ukraine will keep the rate at 6%, the level attained last June. Since then, Ukraine’s inflation has fallen, hitting 2.6% yoy in October. The analysts predicted that more government spending and a high minimum wage will push up Ukraine’s to 4.2% at the end of this year, and to 6.1% at the end of next year.

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The EU and the European Investment Bank extended a total of €1.24 billion euros in aid and loans to Ukraine yesterday