OREANDA-NEWS. Officials from National Bank of Ukraine agreed to cancel restrictions on interest rates on foreign loans, following a meeting of NBU officials with representatives of banks, a financial services provider Millennium Capital (MC) discloses. The changes, restricting the maximum interest rate on foreign loans to the average yield on state Eurobonds of Ukraine for the last two quarters plus 2% per annum, were to become active on October 19, 2007 in accordance with NBU Resolution No. 235.

In the opinion of MC experts, the upcoming cancellation of restrictions will prove to be positive for Ukrainian companies that need external financing, which is cheaper than domestic loans, given that the exchange rate stays stable or appreciates (as the current tendency suggests).