KIEV, Aug. 14 – Ukraine's economy will get a boost from the cut in the discount rate and "working" refinancing rates if the National Bank of Ukraine also supports measures by other power institutions to bolster economic activity in the country, according to Valeriy Lytvytsky, the head of the group of advisors to the NBU's governor.

"One should not consider the NBU's decision [to cut rates] as a cure-all... Economic processes should be boosted," he said at a press conference on Wednesday.