Ukraine Cuts Interest Rates Amid War Financing Uncertainty
- Central bank lowers benchmark by percentage point to 15%
- Cuts may be on the table again in mid-2024, Goldman says
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Ukraine’s central bank lowered the cost of borrowing for a fourth meeting even as uncertainty over foreign financial aid for the war-torn nation clouds the outlook for next year.
Policymakers cut the key rate to 15% from 16%, the bank said in a statement Thursday. Almost all economists surveyed by Bloomberg expected the move, with one forecasting a reduction to 14%.