Ukraine’s central bank unexpectedly raised its benchmark interest rate for the first time in eight months in an attempt to support the weakening currency and curb inflation as the country’s political crisis deepened. Kyiv’s central bank raised the benchmark discount rate from 6.5 per cent to 9.5 per cent and the overnight loan rate from 7.5 per cent to 14.5 per cent on April 14 night.
Financial Times: Ukraine raises rates as west discusses more sanctions
Pro-Russian separatists in Slaviansk, eastern Ukraine.
