OREANDA-NEWS. On 12 August 2009 was announced, that the NBU reduced the discount rate from 11% to 10.25%. The new rate takes place from 12 August 2009.

Millennium Capital considers the news to be POSITIVE, since its may reduce the costs of the NBU refinancing for the commercial banks, thus increasing their liquidity. At the same time the discount rate reduction is not to increase the inflation, since the money supply is still lower than in 2008, until the government will continue to issue significant amounts of the local bonds.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.