Ukrainian Minister for Development of Economy, Trade and Agriculture Tymofiy Mylovanov believes that in the current conditions the National Bank of Ukraine (NBU) has every reason to reduce its key policy rate to 7% before the middle of 2020, rather than at the end of the year the regulator projected earlier.
“According to the National Bank’s forecast, the level of the key rate may reach 7% by the end of the year. We believe that in the current macroeconomic situation it is realistic to reach that rate in the middle of the year. If the key rate is 7%, we can talk about capital market,” he said at a meeting of the parliamentary Committee on Economic Development. (UNIAN/Business World Magazine)