Ukraine unifies main rate while easing policy
Falling inflation allows 300bp discount rate cut, bank says
Ukraine's central bank has unified two of its interest rates, setting both at a new "policy rate" of 19%, in a bid to "streamline" its operational framework.
Both the discount rate – formerly 22% – and the interest rate on 14-day certificates of deposit – previously 20% – were set at 19% on April 21. Governor Valeria Gontareva says the move will "boost the central bank's ability to steer interbank interest rates".
The rationale for the move stems from the prominence of certificates of deposit
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