The corresponding decision was made by the Board of the National Bank. As the press-service of the regulator informs, the decision is connected with the necessity to level risks for achieving the inflation targets in 2017-2018.
At the same time, the Board is convinced that a steady and substantial reduction in interest rates on loans for the real sector of the economy is possible only if price stability is achieved.
In addition, the easing of monetary policy, which has already occurred this year, still has the potential to promote economic development in the future, since it has not yet been fully reflected in the reduction of interest rates of banks, primarily state.
Recall, as reported URA-Inform, in May, the National Bank lowered the discount rate from 13% to 12.5% ??in annual terms. The decrease in the NBU discount rate indicates a drop in the level of inflation and acceleration of economic growth rates in the country.