KYIV, Jan 12 – Loans can probably still become cheaper after the National Bank of Ukraine (NBU) cut the key policy rate from 16% to 15% per annum in December, NBU Deputy Governor Serhiy Nikolaychuk says.

"At the same time, we do not expect a significant reduction in deposit rates, especially on time deposits in hryvnia, given precisely the incentives that we provide to banks using our auxiliary instrument - three-month certificates of deposit," he said in an interview with Interfax-Ukraine.