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Ukraine’s central bank kept its main interest rate unchanged at 17.5% on Thursday

Friday, June 7, 2019
Ukraine’s central bank kept its main interest rate unchanged at 17.5% on Thursday

Ukraine’s central bank kept its main interest rate unchanged at 17.5% on Thursday, citing the need to contain inflation risks that increased since the bank cut the rate in April. Pushing the National Bank of Ukraine to the side of caution were diesel fuel price hikes caused by Russia’s June export cuts and the understanding that an IMF second tranche would only come in the fall, after talks with a new government.

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