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Ukraine's central bank cuts key rate to 15% after inflation slows
The National Bank of Ukraine cut its benchmark rate to 15% as inflation dropped to 8%, aided by new European Union financial support and clearer external financing.
- In Kyiv on Jan 29, the National Bank of Ukraine voted to lower its key rate to 15%, the first change since March, citing slowing inflation and clearer aid prospects.
- Slowing inflation and clearer financing prompted the change, with consumer price inflation at 8% last month and talks with the International Monetary Fund on a $8.1 billion program.
- Record reserves of $57.3 billion and lending growth over 30% underpin the move, while Andriy Pyshnyi warned `The difficult situation in the energy sector will continue to restrain business activity for a long time`.
- The cut positions policy to guide inflation toward 7.5% by end of 2026 as the NBU expects inflation to decline and Ukraine's economy to grow by 1.8%.
- Persistent wartime constraints, including a 13% floor on the key rate, limit policy freedom as the European Union's 90 billion euro lifeline agreed Dec. 19 supports Ukraine's finances through 2026.
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The National Bank of Ukraine lowered the reference interest rate from 15.5 to 15 percent today.
·Belgrade, Serbia
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Ukraine's National Bank expectedly cuts key policy rate from 15.5% to 15% per annum
The Board of the National Bank of Ukraine (NBU) has decided to reduce the key policy rate from 15.5% to 15% per annum, citing a sustained decline in inflationary pressure and a weakening of risks related to external financing.
Ukraine's central bank cuts interest rate in first change in 10 months
The National Bank of Ukraine (NBU) voted on Jan. 29 to cut its benchmark interest rate to 15%, the first change since March last year, as inflation cools and a new aid package from Europe eased pressure on the country's finances.
·Kyiv, Ukraine
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The Board of the National Bank has decided to lower the key rate from 15.5% to 15% per annum from January 30.
Coverage Details
Total News Sources10
Leaning Left4Leaning Right1Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 17%
R 16%
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