Keeping NBU refinancing rate at 7.5% supported by 7 out of 10 NBU committee members, 3 vote for raising it to 8%

13:58, 29.06.2021 1 min read

Seven out of ten members of the monetary policy committee (MPC) of the National Bank of Ukraine (NBU) supported the maintenance of the refinancing rate at 7.5% on June 16, three more committee members proposed to act more decisively and raise the rate to 8%.

"Seven MPC members called for maintaining the key policy rate at 7.5%. Inflation risks have risen since the NBU's last monetary policy decision, these MPC members agreed. However, the current decision should take into account that supply factors, mainly short-term in nature, significantly accelerated inflation in May," the NBU said.