In order to ensure an adequate transmission of monetary policy to financing conditions in all euro area countries, the fragmentation of euro area credit  BIS central bankers’ speeches  1  markets should decline further and the resilience of banks must be strengthened where needed.
* * * Dear colleagues, Please be informed that the Board of the National Bank of Ukraine has decided to cut the  key policy rate to 17.0% per annum effective 19 July 2019. The NBU continues the cycle of monetary policy easing as inflation is declining towards the target of 5%. What inflation developments followed the last monetary policy meeting?