NBU seeks to reduce refinancing rate with positive market trends
The National Bank of Ukraine (NBU) intends to continue the reduction of refinancing rate if a favorable situation is seen on the market, Director of the financial stability department of the NBU Vitaliy Vavryschuk said at a briefing on Thursday.
"The NBU changed refinancing rate from 22% as of early 2016 to 15%, and if there were no negative shocks… we are tuned to continue cutting the key NBU rate," he said.
As reported, the NBU from September 16 cut refinancing rate from 15.5% to 15%. On July 29 the NBU reduced the rate from 16.5% to 15.5%, from June 24 – from 18% to 16.5%, from May 27 – from 19% to 18%, from April 22 – from 22% to 19% per annum.
Advertising
Advertising
MORE ABOUT
Four MPC members expect reduction of key policy rate to 11.5-12% by late 2024, remaining 7 expect fall to 13% – NBU
13:58, 06.05.2024
NBU develops alternative scenario in case of higher security risks with GDP growth in 2025 by 3.3%
11:03, 06.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
NBU completing development of bill on war risk insurance system in Ukraine
16:21, 30.04.2024
LATEST
Kharkiv-based LPG supplier GT Group accuses tax authorities of blocking its business
20:41, 17.05.2024
Govt launches compensation program for demining farmland
20:31, 17.05.2024
Shmyhal: Energy system is integrated, works stably, but electricity generation not enough
13:20, 17.05.2024
Opening of airport in Lviv to help close sky over Ukraine – head of Lviv administration
11:26, 17.05.2024
Zaporizhstal specialists restore several powerful trucks for AFU