April 23, 2020 / 11:06 AM / a month ago

Ukraine central bank cuts key interest rate to 8% from 10%

KIEV, April 23 (Reuters) - Ukraine’s central bank cut its main interest rate for the seventh time in a row on Thursday, to 8% from 10%, to support the economy as it lurches towards recession due to the coronavirus pandemic.

The cut was sharper than the expectations of a Reuters poll of analysts. (Reporting by Natalia Zinets; writing by Matthias Williams; Editing by Jon Boyle)

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