Reuters: Ukraine unlikely to cut interest rate this year – central bank minutes

Photo from the NBU

The Ukrainian central bank is unlikely to cut its key interest rate this year, minutes from its monetary policy committee meeting showed on Monday.

Read alsoNBU keeps its key policy rate on hold at 17%

The bank may tighten monetary and currency policy if Ukraine does not get more aid from the International Monetary Fund, they said, as reported by Reuters.

If Ukraine does get more IMF money, the committee might raise its economic growth forecast and press on with currency liberalization, said the minutes, published on the central bank's website.