Economics
Ukraine Keeps Promise to Raise Rates as IMF Review Nears
- Central bank lifts benchmark to 8.5% from 8%, as expected
- Double-digit inflation persisted in August with CPI at 10.2%
The headquarters of the National Bank of Ukraine in Kiev.
Photographer: Vincent Mundy/BloombergThis article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Ukraine raised interest rates for a second straight meeting in a bid to combat soaring inflation and reassure Western donors of the central bank’s independence.