KIEV (Reuters) - Ukraine's central bank increased its benchmark interest rate for the first time in eight months on Monday in a bid to defend its currency which has lost almost two-fifths of its value since the start of the year due to the conflict with Russia.
The central bank hiked the benchmark rate to 9.5 percent from 6.5 percent in its first change since August last year. The rate change will go into force from Tuesday.
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