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KIEV, June 7 (Xinhua) -- The Ukrainian National Bank (NBU) decided1 on Friday to reduce the key interest rate by 0.5 percentage point to 7.0 percent starting from June 10, the bank's press service said.
This is the first time for the central bank to cut interest rates this year. The previous one was in March 2012 when the interest rate was lowered by 0.25 point.
According to the government's forecast, the country's inflation will rise 4.8 percent in 2013, compared with a 0.2-percent deflation last year.
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1 decided | |
adj.决定了的,坚决的;明显的,明确的 | |
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2 inflation | |
n.胀大,夸张,通货膨胀 | |
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