The national Bank kept the discount rate unchanged

Нацбанк сохранил неизменной учетную ставку

The building of the NBU

The discount rate of the NBU remained at the level of 12.5%.

The national Bank of Ukraine has kept the discount rate at 12.5% per annum. The decision adopted by the Board of the National Bank, the press service of the regulator on Thursday, July 6.

As explained in the national Bank, the decision is due to the need to mitigate risks to achieve the objectives of inflation in 2017-2018. The NBU Board is convinced that sustainable and significant reduction of interest rates on loans to the real economy is only possible with the achievement of price stability.

In addition, the monetary policy easing that has already occurred in the current year, still has the potential to promote economic development in the future, because not yet fully reflected in the lower interest rates of banks, particularly state.

We will remind, in may, the national Bank lowered the discount rate from 13% to 12.5% in annual terms. The reduction in the NBU discount rate is the evidence of falling inflation and accelerating economic growth in the country.

Source