Ukraine’s central bank on Thursday lowered its main interest rate for the fourth time this year to 15.5% from 16.5%, a steeper than expected cut, APA reports citing Reuters Kiev.
The central bank cited a more rapid decline in underlying inflationary pressures as a reason for the cut. It said inflation will slow down further in October from 7.5% year-on-year in September.
A Reuters poll of analysts had forecast a cut to 16%, with only two out of 15 respondents predicting a sharper decrease to 15.5%.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
