The National Bank of Ukraine (NBU) reduces the discount rate from 27% to 22%. The relevant decision is stipulated in the resolution of the National Bank №627 dd. September 24 “On regulation of monetary market”, RBC-Ukraine (РБК-Украина) reports
The decision of the NBU Board on reducing the discount rate to 22% will come into force from September 25, 2015.
«In July-August the deflation was observed, while the core inflation was close to zero. Conducting the reasonable monetary and fiscal policy allowed to reduce demand inflation, to stabilize FX market and lower inflation expectations”, as stated in the regulator’s message.
