KYIV, Dec 18 – The National Bank of Ukraine (NBU) would be able to again cut the refinancing rate no earlier than spring 2018, Senior Economist of Alfa-Bank (Ukraine) Oleksiy Blynov said.

"In the coming months, inflation is unlikely to slow down significantly. Most likely it will stabilize at the current level of slightly below 14% by the end of winter, so the monetary policy will be kept rigid. Most likely, the regulator will be able to return to lowering the refinancing rate no earlier than in spring 2018," he told Interfax-Ukraine on Friday, December 15.