National Bank of Ukraine hikes refi rate from 19.5% to 30%

The National Bank of Ukraine (NBU) has hiked its key refinancing rte from 19.5% to 30%, NBU Governor Valeriya Gontareva told reporters.

A banker told Interfax that the rate was being introduced on March 4 and would be used for short-term refinancing.

The rate was raised from 14% to 19.5% on February 6.