KIEV, July 25 – State-run Oschadbank (Kiev) is cutting deposit rates, the bank reported on its website.

"The bank continues gradual reduction of deposit rates started in autumn 2015. The deposit rates will be decreased from July 22, 2016 in the 0.25-1 percentage notches range," the bank said.

Oschadbank Board Chairman Andriy Pyshny said that the cheapening of borrowed resources is guarantee of restoration of the economy, as it would help to cheapen credits and stir up economic operations.