Ukraine embarks on easing cycle
Falling inflation allows National Bank of Ukraine to launch first rate cut in new easing cycle
The National Bank of Ukraine made the first in what it expects will be a series of rate cuts on April 25, as inflation continues to gradually fall.
“Inflation has been on a steady decline towards the 5% target, allowing the NBU to launch a cycle of key policy rate cuts,” said governor Yakiv Smolii at a press conference. The board chose to cut the main rate 50 basis points, to 17.5%.
But the governor added: “At the same time, the NBU board sees risks that may hinder the plans to lower the rate
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