KYIV, Oct 25 – The National Bank of Ukraine (NBU) has decided from October 25 to lower the refinancing rate to 15.5% per annum from 16.5% per annum, at which it has been since September 6 of this year.

"The National Bank continues the cycle of easing monetary policy, as it expects inflation to slow to the target of 5%," the central bank said on Thursday.