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Business & Finance

Ukraine central bank keeps benchmark rate unchanged at 14pc

Published December 8, 2016 Updated December 8, 2016 01:21pm
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By Shoaib Ur Rehman
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imageKIEV: Ukraine's central bank kept its main rate unchanged at 14 percent on Thursday breaking a run of six consecutive cuts due to an uptick in inflation in October.

The bank said it was "highly likely" inflation would hit its year-end target of 12 percent, but warned of risks to macroeconomic stability including from delayed disbursement of IMF loans due to the slow progress of reforms.

Copyright Reuters, 2016

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