Photo from UNIAN
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.
"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.