KIEV, Dec. 9 – The National Bank of Ukraine has retained its refinancing rate at 14%. The bank has announced its decision to conduct a more moderate monetary policy to curb inflationary consequences of the increase of the minimum wage to UAH 3,200 a month.

The central bank said in a press release on Thursday that the decision on the size of the discount rate was approved by the NBU Board on December 8, 2016 (No. 475-rsh).