September 5, 2019 / 11:07 AM / 12 days ago

Ukraine central bank cuts key interest rate to 16.5%

KIEV, Sept 5 (Reuters) - Ukraine’s central bank cut its key interest rate for the third time this year amid slowing inflation, it said in a statement on Thursday.

The cut to 16.5% from 17% was in line with most analysts’ expectations in a Reuters poll.

“The (central bank) is continuing the cycle of monetary policy easing, as it expects inflation to decline to the target of 5%,” it said. (Reporting by Natalia Zinets; writing by Matthias Williams; Editing by Toby Chopra)

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