Government to reduce rate on credits by 6-7%

16:17, 24 April 2007
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In 2-3 years, Kinakh vows

The government wants to reduce the rate on credits by 6-7% in 2-3 years.

      According to an UNIAN correspondent, Economics Minister of Ukraine Anatoliy Kinakh claimed this to journalists in Kyiv today.

      “In 2-3 years, due to reduction of inflation… we want to reduce the rate on credits by 6-7%”, he said.

      At the same time, the Minister added that presently the average rate on credits in Ukraine makes up 14%. As an example, he mentioned Poland, where the rate on credits makes up 4-5%.

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