Central Banks
Ukraine Cuts Interest Rates as Blackouts Dent Economic Growth
- Policymakers reduced benchmark by 50 basis points to 13%
- Lower rates viewed as necessary to support war-ravaged economy
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Ukraine’s central bank delivered a third straight cut to borrowing costs as policymakers weigh the economic impact of Russian attacks on the nation’s energy sector.
The National Bank of Ukraine lowered its key interest rate by 50 basis points to 13% on Thursday. The decision is in line with the median estimate of economists in a Bloomberg survey.