Ukraine cuts its prime interest rate by one percentage point today, to 15.5%, from 16.5%.

Ukraine cuts its prime interest rate by one percentage point today, to 15.5%, from 16.5%. The fourth cut in six months comes as the central bank expects inflation to dip below 7% this month for the first time since 2016. The bank forecasts that inflation this year will end this year at 6.3%, and will end next year at 5%. “A more rapid decline in underlying inflationary pressure than anticipated coupled with no change in the balance of risks have made it possible to ease monetary policy somewhat more quickly this year than envisaged,” said the National Bank of Ukraine.