NBU cuts refinancing rate to 27%

15:02, 27 August 2015
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The National Bank of Ukraine (NBU) has decided to cut the refinancing rate from 30% to 27% as of August 28, NBU Governor Valeria Gontareva said at a briefing on Thursday.

Photo from UNIAN

"Today, the [NBU] Board has decided to lower the refinancing rate from 30% to 27%," she said.

According to Gontareva, it became possible after a deal struck by the Ukrainian government with creditors on the restructuring of the country's sovereign debt, as well as a favorable downward inflation trend in the past three months.

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