The National Bank of Ukraine has reduced the official hryvnia exchange rate against the US dollar by 25%, the regulator announced in a statement on its website on Thursday. “This step will improve competitiveness of Ukrainian producers, converge exchange rate conditions for different groups of businesses and households, and support the resilience of the economy…

The Eurozone regulator decided to go with a larger-than-expected 50 basis-point increase The European Central Bank (ECB) has hiked interest rates for the first time in 11 years on Thursday, going for the 50 basis-point increase instead of the previously anticipated 25 basis-point hike, the regulator announced in a press-release on its website.

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