The discount rate in Ukraine may be lower than inflation – the head of Ministry of Economics

According to Igor Petrashko, the discount rate should be reduced further.

The discount rate of the National Bank of Ukraine can do below the level of inflation.

This was stated by Minister of economic development, trade and agriculture Igor Petrashko in an interview to “Interfax-Ukraine”.

“I believe that we need to continue to reduce the discount rate. I see no problem if we have the interest rate is lower than inflation“, – he said.

According to Petrashko, reducing the discount rate to 6% per annum – a positive step for the economy, however belated.

“The reduction to 6% is a good step, but when it happened? This should have been done six months ago when I started the trend. We drop industry occurred in the fourth quarter of last year,” the Minister explained.

See also:

The IMF predicted the fall of Ukraine’s GDP in 2020 8.2%

International reserves of Ukraine in June increased to the level of 2012

Tymoshenko presented the “report of the crimes of the national Bank” and pointed to the undue depreciation of the hryvnia in 2014

Ukraine canceled the deployment of a 12-year bonds for us $ 1.75 billion. after the statement Smoliy resignation

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