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NBU lowered discount rate to 15% per annum

NBU lowered discount rate to 15% per annumThe rate has been decreased by 1 percentage point, RBC.

National Bank of Ukraine (NBU) has decided to reduce the discount rate to 15% per annum from September 16, according to the press-service of the regulator.

"NBU Board decided to lower the discount rate to 15% per annum from September 16, 2016," it goes in the statement.

Relaxing of the monetary policy is stipulated by the further reduction of price stability risks, and is consistent with the objectives of inflation to 12% + / - 3p.p. for 2016 and 8% +/- 2p.p. in 2017.

The discount rate at 15% per annum approved by the decision of the NBU Board dated by September 15, 2016 "On the amount of the discount rate."
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