April 23, 2020 / 11:49 AM / a month ago

Ukraine's central bank chief expects IMF deal by May

KIEV, April 23 (Reuters) - Ukraine’s Central Bank Governor Yakiv Smoliy said on Thursday he expected the government to sign a new loan deal with the International Monetary Fund in May and the first loan tranche to be disbursed no later than June.

Speaking after the central bank sharply cut its key interest rate, Smoliy also said he expected inflation to remain below 3% in April.

Reporting by Natalia Zinets; writing by Matthias Williams; Editing by Jon Boyle

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