NBU cuts key policy rate to 13.5%

NBU Cuts Key Policy Rate to 13.5%. In November 2019, consumer inflation decreased sharply, reaching 5.1%, which was below the NBU’s latest forecast. In such a way, inflation reached the medium-term target of 5%, set by the NBU in 2015.

Therefore, macroeconomic conditions that are more conducive lower inflation, continued cooperation with the IMF, and the practically unchanged balance of risks have enabled the NBU to ease monetary policy more quickly. The NBU Board believes that more active cuts in the key policy rate will not prevent it from maintaining inflation close to its 5% target, while at the same time promoting economic growth.

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