The national Bank of Ukraine on the background of the announcement of the consensus between Kiev and the lenders decided to reduce the key rate from 28 August to 3 percentage points, from 30% to 27%.
"The Board of the National Bank of Ukraine adopted the opinion on the decrease in the discount rate from 28 August 2015 from 30% to 27% ", - reported in the report on the Internet representative office of the national Bank of Ukraine.
the regulator stressed that the tight monetary policy of the past six months, " has contributed significantly to lowering inflation and devaluation expectations, stabilization of the currency market complex and, as a consequence, the formation of a stable trend of the slowdown in inflation ". The national Bank concluded that " the Growth of the consumer price index in annual terms, decreasing for the third month in a row, and in the monthly measurement in July was recorded deflation. Improving the situation on the currency market and the stabilization of inflation expectations facilitates the return of deposits in the banking system "." taking into account the reduction of inflation risks, the Board of the National Bank of Ukraine considers it possible to begin easing monetary policy, consistent with the projected decrease in annual inflation ", - said Governor. Such announcement in the national Bank made after the head of the Ministry of Finance Natalia Jaresko said that Ukraine agreed with international lenders on the write-off 3, 8 billion from 19, 3 billion dollars of debt. The head of Ukrainian government Arseniy Yatsenyuk confirmed that "the expected enemies of Ukraine" default would not take place because Kiev had reached agreement with creditors. While Kiev has asked the Russian Federation " to accept the rules of writing off other creditors ". However, the Minister of Finance Anton Siluanov said that Moscow will not do it.

sections: Politics