NBU increases refinancing rate to 13.5% from Oct 27

The National Bank of Ukraine (NBU) has increased the refinancing rate from 12.5% per annum to 13.5% per annum from October 27, 2017.

The NBU said in a press release that the decision was made by the NBU's board on Thursday.

As reported, the NBU reduced the refinancing rate to 12.5% from 13% per annum on May 26, 2017. From April 14, 2017 the rate was cut to 13% per annum from 14% per annum introduced on October 28, 2016.