Photo from UNIAN
Smolii says in January, the Monetary Committee will make a decision on the key rate which will then be approved by the NBU Board.
NBU Governor Yakiv Smolii has said there are grounds for lowering the key rate in Ukraine.
Speaking in the Verkhovna Rada on Thursday, he agreed with the statements of lawmakers that the rate is high now, but explained the decision on it had been made taking into account the existing external and internal macroeconomic conditions.
"Today there is a tendency and all grounds to reconsider and soften our monetary policy," he said.
At the same time, Smolii says in January, the Monetary Committee will make a decision on the key rate which will then be approved by the NBU Board.
As UNIAN reported earlier, inflation in Ukraine in December 2018 was at 9.8% in annual terms, slowing down from 13.7% in similar terms a year earlier.
In December 2018, the Board of the National Bank of Ukraine decided to keep its key policy rate at 18.0% per annum.
The maximum key rate in Ukraine's history at 30% was recorded in Ukraine from March 4 to August 28, 2015.