Ukrainian central bank carries out second wartime rate cut
Sustained fall in inflation is likely to continue as food supply improves, NBU says
Ukraine’s central bank cut its policy rate today (September 14), saying the sustained fall in inflation was likely to continue despite the continuing war with Russia.
The National Bank of Ukraine (NBU) lowered its key rate from 22% to 20%, its second cut since Russia invaded in February 2022. The 200 basis point cut followed a 300bp reduction on July 27.
Year-on-year inflation fell for the eighth consecutive month running in August, dropping to 8.6% from 11.3% in July. Inflation reached a
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