Ukraine central bank maintains interest rate at 13 percent amid US election

Ukraine's central bank has decided to keep its interest rate at 13% for the third consecutive meeting.

This decision comes as policymakers evaluate inflationary pressures in the war-affected nation and prepare for the upcoming US presidential election.

The National Bank of Ukraine's decision aligns with the expectations of seven economists surveyed by Bloomberg, reflecting a cautious approach amid ongoing economic challenges.

The stability in the interest rate aims to provide predictability for the financial markets as the country navigates its current economic landscape.

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