Ukraine Hikes Interest Rates To 25% To Boost Budget Revenues ...Middle East

Ukraine’s central bank is considering bringing in extra import duty on non-critical imports, having hiked its main interest rate to a seven-year high. The country has increased interest rates from a previously frozen 10 percent to 25 percent today, in the first tightening of policy from the National Bank of Ukraine (NBU) since the start of Russia’s invasion. Speaking in a press briefing earlier today on the possibility of hauling in an extra import levy, NBU deputy governor Yuriy Heletiy said: “We should first reinstate the taxation…

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