KYIV, April 24 – The National Bank of Ukraine (NBU) will reduce the key policy rate at a meeting on Thursday from 14.5% to 14%, predicts the majority of bankers surveyed by the Interfax-Ukraine agency, although bolder estimates are also heard - up to 13.5% and even 13% per annum.

“Actual inflation in March again turned out to be better than market expectations, which increased the likelihood of the NBU reducing the rate on April 25 by another 50 b.p. – to 14%. At the same time, we consider the chances that the NBU will reduce the rate more significantly to be quite low,” Serhiy Kolodiy, chief manager for macroeconomic analysis at Raiffeisen Bank, told the agency.