Reuters: Ukraine central bank keeps rates on hold, warns it needs IMF funds

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Ukraine’s central bank left its main interest rate at 17 percent on April 12, as expected, but warned that an improving outlook for inflation could be undermined if the International Monetary Fund delays in disbursing loans.

Over the past six months, the bank has kept monetary policy tight to curb stubbornly high inflation linked to higher food and oil prices and to government-backed increases in workers’ wages and pensions.

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