National Bank of Ukraine - Photo from UNIAN
The NBU will decide on the key rate on March 12.
Ukrainian Prime Minister Oleksiy Honcharuk has said the National Bank of Ukraine (NBU) may significantly reduce the key rate, which will contribute to cheaper loans.
"We are convinced the National Bank may significantly reduce the key rate. This should lead to the market seeing cheaper loans," PM said at a briefing on March 2.
Honcharuk reiterated the NBU would decide on the key rate on March 12.
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He expressed confidence Ukraine would have an affordable lending in the autumn.
"Mortgage at 10% is the task that was declared by the president. It is quite achievable and must be implemented," the prime minister said.
As UNIAN reported earlier, on January 31, the National Bank cut the key rate by 2 percentage points to a two-year low of 11% per annum.
The regulator reduced the key rate for the fifth time in a row, after lowering it in December, October, September, and July 2019.
Inflation in Ukraine in 2019 slowed to 4.1% from 8% in 2018, hitting its lowest over the past six years.