Arsen Yatsenyuk, first deputy chairman announced that The National Bank of Ukraine (NBU) plans to leave its discount rate at 7% annually in 2003, provided annual inflation does not exceed 6%.
"If inflation in September-October starts to increase and go outside the forecast limits, we will of course review the issue of raising the discount rate," he said.
According to Ukrainian legislation, the discount rate cannot be lower than the rate of inflation, he added.
Source: Interfax
