Ukrainian central bank cuts rates and promises further banking reform
Personnel director becomes acting deputy governor with responsibility for banking supervision
Ukraine's central bank cut interest rates by a further 50 basis points today (September 15), following the International Monetary Fund's decision to approve a $1 billion tranche of aid to the country.
The IMF's executive council agreed to disburse the funds, having originally delayed the decision by several months due to concerns over the country's compliance with its agreed economic reform programme. The special drawing rights arrangement under the IMF's Extended Funds Facility is part of a
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