Ukraine hikes key interest rate to 25%
Jun 2nd 2022 11:51am EDT
The move seeks to tame the double-digit inflation in the country, according to the central bank Ukraine’s central bank more than doubled its benchmark interest rate on Thursday in an attempt to tackle double-digit inflation and defend the nation’s currency, the hryvnia. The rate was raised by a whopping 15 percentage points, bringing it to […]
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