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.