...points to 4.25 percent, NBS Governor Ivan Sramko told a news conference on Tuesday.
Sramko said he saw no inflation pressures from the country's high economic growth, and that monetary conditions in the first quarter and a favourable inflation outlook created room for policy easing.
Most analysts in a Reuters poll had predicted the 25 basis point rate cut, the same as a rate reduction in March, as a reaction to a strong crown currency which had tightened monetary conditions.