KIEV, March 3 - The board of the National Bank of Ukraine has decided to retain its refinancing rate at 22%.

The decision was approved by NBU resolution No. 135 of March 3 on the regulation of the monetary and credit market.

"The retaining of interest rates unchanged aims at achieving the goal to reduce consumer inflation to 12% as of late 2016 and up to 8% as of late 2017," the central bank said.