The national Bank of Ukraine took a decision from March 4 to increase the discount rate to 30% from 19, 5%, said Tuesday at a press conference the head of the NBU Valeria Gontareva.

before Tuesday, the Ukrainian media said that the NBU decided to increase the discount rate.

"To stabilize the situation on the monetary market our monetary Committee recommended to the Board of the national Bank, and the Board of the national Bank decided tomorrow to increase the refinancing rate of 30%," said Gontareva, which quoted the Ukrainian news Agency ".

The national Bank of 6 February has raised the discount rate to 19, 5% to 14% per annum. Then I said, it's not going to play a key role in making banks decisions on lending.

The discount rate or refinancing rate - the interest rate at which the Central Bank lends to commercial banks. The higher the discount rate of the NBU, the higher percentage then charge commercial banks for a loan provided to consumers and Vice versa.

sections: Politics