Everything is only getting worse. The national Bank once again raised the discount rate
The national Bank of Ukraine did not see improvement in the economy and to curb inflation once again raised the discount rate – from 16% to 17% per annum. A new indicator will be effective from tomorrow, 2 March. “A fourth consecutive interest rate hike is appropriate, given the absence of significant signs of easing inflation risks and aims to reduce consumer price inflation to the target level in the medium term. In January 2018 consumer inflation accelerated to 14.1% […]
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