FX.co ★ Ukraine Lowers Interest Rates to 13.5% in Recent Decision

In a recent interest rate decision, the National Bank of Ukraine has lowered its benchmark interest rate to 13.5%. This marks a decrease from the previous rate of 14.5%. The data was last updated on April 25, 2024, with no specific date provided for the rate change.

The reduction in interest rates could be a strategic move by the central bank to stimulate economic growth and increase investment in the country. Lower interest rates typically make borrowing cheaper, encouraging businesses and individuals to spend and invest more, which can help boost economic activity.

Investors and market analysts will be closely monitoring the impact of this decision on Ukraine's economy and financial markets in the coming months.