KIEV (Reuters) – Ukraine’s central bank cut its main interest rate for the eighth time in a row on Thursday after President Volodymyr Zelenskiy’s government secured a $5 billion deal from the International Monetary Fund to tide the country over through recession.
The cut to 6% from 8% takes the rate down to its lowest level since Ukraine’s independence from the Soviet Union in 1991.
(Reporting by Natalia Zinets; writing by Matthias Williams; editing by Jason Neely)
