The lowest level in the history of Ukraine. NBU lowered discount rate from 8% to 6%
11.06.2020 - 14:08
Consumer and investment demand are likely to remain subdued longer than projected in April The Board of the National Bank of Ukraine from June 12 reduces the discount rate from 8% to 6%, the central bank said.
This is the lowest discount rate in the history of independent Ukraine.
"Consumer and investment demand are likely to remain subdued longer than projected in April. On the one hand, this will keep inflation below the target level longer than the April forecast predicts. On the other hand, this means that the decline of the Ukrainian economy may be deeper than expected. This development requires further easing of monetary policy to support the economy in the phase of gradual reduction of quarantine, "the NBU said
Source: NV
