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Ukraine’s central bank slashed its prime interest rate Thursday by 250 basis points, to 11%.

Friday, January 31, 2020
Ukraine’s central bank slashed its prime interest rate Thursday by 250 basis points, to 11%.

Ukraine’s central bank slashed its prime interest rate Thursday by 250 basis points, to 11%. The sixth cut in nine months, yesterday’s was the largest. Emboldened by lower inflation, the National Bank of Ukraine now promises to end this year with prime at 7% — well below its earlier forecast of 9%.

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