KIEV, Sept. 15 – The National Bank of Ukraine effective September 16 is reducing its refinancing rate from 15.5% to 15%.

This is outlined in NBU resolution No. 277-rsh dated September 15, 2016 on the size of the refinancing rate.

The NBU explains relaxing of the monetary policy by the further decline in risks for price stability and meeting the inflation targets for 2016 at 12% (plus or minus 3%) or 8% (plus or minus 2%) for 2017.