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Ukraine's central bank cuts refinancing rate from 18% to 16.5%

In May, consumer inflation went down to 7.5 per cent.

Ukraine's central bank cuts refinancing rate from 18% to 16.5%
Photo: Max Levin

As of 24 June, the National Bank of Ukraine is lowering the refinancing rate from 18 per cent to 16.5 per cent, according to its official website.

"The further softening of monetary policy is fully in line with the inflation targets for 2016 and 2017 and is happening while the inflation pressure is going down in a stable manner, inflation expectations are improving and the situation on the foreign exchange market is stable," the message reads.

In May, the annual consumer inflation went down to 7.5 per cent in accordance with the NBU expectations.

In April, the NBU lowered the refinancing rate from 22 per cent to 19 per cent, in May to 18 per cent.