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                        FRIDAY, AUGUST 23, 2019
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NBU may cut interest rates in July by 50 points to 17%
Journal Staff Report

KYIV, July 16 The National Bank of Ukraine (NBU) in July might reduce the refinancing rate by at least 0.5 percentage points (p.p.), to 17% per annum, bankers polled by Interfax-Ukraine believe.

"Given the estimates of the National Bank, I think the refinancing rate will decline. I do not rule out that even by 1%. I consider this step absolutely justified. It is necessary to stimulate the economy's lending and now it's just a favorable time for this and it should not be missed," chairman of the board at Piraeus Bank Serhiy Naumov said.




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