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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.

The headquarters of the National Bank of Ukraine in Kiev.

Photographer: Vincent Mundy/Bloomberg
Updated on

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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.