NBU uses the discount rate as a benchmark, how much should it cost money
The national Bank of Ukraine (NBU) lowered its interest rate with effect from 24 April to 8% per annum to 6%. The decision adopted by the Board of the national Bank. The decision comes into force from tomorrow, June 12.
The discount rate is reduced for the eighth time in a row. This is the lowest level of interest rates in the history of Ukraine.
“The national Bank lowered the discount rate to 6%. This is the lowest level of interest rates in the history of independent Ukraine. Further monetary easing is needed to support the economy during the gradual phase of the quarantine,” explained the NBU.