Only one out of eight NBU monetary committee members backs more aggressive cut of NBU's key policy rate

12:40, 16.09.2019 1 min read

The reduction of the key policy rate by 0.5 percentage points (from 17% to 16.5%) at a meeting of the Monetary Policy Committee (MPC) of the National Bank of Ukraine (NBU) on September 4, 2019 was backed by seven out of eight meeting participants, according to a report on the results of the meeting of the committee.

"One MPC member supported a more aggressive reduction of the key policy rate (by 1 pp)," the NBU said in a report posted on its website on Monday.