The National Bank of Ukraine (NBU) will reduce the refinancing rate to 17.5% from 18% from April 26, 2019, NBU Governor Yakiv Smolii has said at a briefing.
“The board of the National Bank decided to lower the refinancing rate to 17.5% per annum from April 26. Currently, a steady downward trend in inflation towards the 5% target allows the National Bank to begin the cycle of reducing the refinancing rate,” he said.
