October 24, 2019 / 11:08 AM / 22 days ago

Ukraine central bank cuts main interest rate to 15.5%

KIEV, Oct 24 (Reuters) - Ukraine’s central bank on Thursday lowered its main interest rate for the fourth time this year to 15.5% from 16.5%, a steeper than expected cut.

The central bank cited a more rapid decline in underlying inflationary pressures as a reason for the cut. It said inflation will slow down further in October from 7.5% year-on-year in September. (Reporting by Natalia Zinets; writing by Matthias Williams; Editing by Toby Chopra)

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