KIEV, Oct. 12 – The National Bank of Ukraine may soon take action on its discount rate, a senior bank official said Monday, citing Volodymyr Stelmakh, the governor of the NBU.
The NBU, which lowered the discount rate to 10.25% from 11% on August 12, is under pressure from key political figures, such as Prime Minister Yulia Tymoshenko, to further cut the rate to speed up economic recovery.
The NBU cut the rate to 11% from 12% on June 12.
“From my recent conversation with Volodymyr Semenovych [Stelmakh], one can make a conclusion that the probability of changing the rate soon is higher then leaving it unchanged,” Valeriy Lytvytskiy, the head of team of advisors at the NBU, said, according to Interfax-Ukraine.
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