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The national Bank of Ukraine reduces discount rate to 19 per cent

Нацбанк Украины снизит учетную ставку до 19 процентов

The national Bank of Ukraine reduces discount rate by three percentage points to 19 percent. The relevant information contains in the message of the regulator. The reduction will take place on 21 April, Friday.

“In March 2016, as anticipated, continued the slowdown of inflation, which reached 20.9 per cent in annual terms,” — reported in the NBU. It is also noted that voltage gain on the foreign exchange market observed in January-February did not affect price growth.

The national Bank expects that by the end of 2016, the inflation in Ukraine will slow to 12 percent, in 2017 — eight percent. Also, the regulator has maintained the forecast for GDP growth: growth of 1.1 percent in 2016 and three per cent in 2017.

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March 25, the Central intelligence Agency (CIA) published the renewed rating of countries by the level of inflation in 2015. Penultimate, 225-e, the place went to Ukraine with a rate of 49 percent. Worse only in Venezuela — it takes 226-th line.

On 10 February, the managing Director of the IMF Christine Lagarde has admitted that the program of financial support of Ukraine may be curtailed. “I am concerned at the slow progress in improving governance and combating corruption in Ukraine”, — said Lagarde, noting that in such circumstances “it is difficult to assume whether the support programme of the IMF to continue and be successful.” The head of the Fund also warned that Ukraine risks becoming a failed example of economic policy.

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