Monday, January 13
To kickstart Ukraine’s economic recovery, the central bank cut the prime rate by an unexpected 2 percentage points, to 6%, the lowest level since Ukraine won independence from the Soviet Union in 1991
Friday, June 12, 2020
To kickstart Ukraine’s economic recovery, the central bank cut the prime rate by an unexpected 2 percentage points, to 6%, the lowest level since Ukraine won independence from the Soviet Union in 1991. It was the ninth straight cut in 14 months, a series that started in April of last year when the prime rate was 18%. Effective today, the new rate is below the 7% target rate the National Bank of Ukraine had set for the end of this year.
