You're reading: Bne Intellinews: Ukraine central bank cuts key rate to 6 percent

Bne Intellinews: Ukraine central bank cuts key rate to 6 percent

By Bne Intellinews.

Published June 12, 2020 at 3:09 am

A woman in a mask passes by a sign advertising currency exchange rates on March 12, 2020, in Kyiv.

Photo by Volodymyr Petrov

The board of the National Bank of Ukraine (NBU) will cut the key policy rate from the current level of 8% to 6% from June 12. This is the lowest level of the key policy rate since Ukraine gained its independence in 1991, the regulator said in a statement on June 11.