Cabinet expects at least one more key rate review by NBU before year-end, PM says

Photo from UNIAN

The Cabinet of Ministers expects that the National Bank of Ukraine will review the key rate at least one more time before the end of 2019.

"We expect that this year this rate will be revised at least one more time, and next year loans can generally cost 10-12% in hryvnias," Prime Minister Oleksiy Honcharuk said in a video blog.

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As UNIAN reported earlier, the National Bank of Ukraine continued the cycle of monetary policy easing. From Oct 25, the central bank lowered the key rate by 1 percentage point, to 15.5%, after another 16.5% decline introduced in September.