The Board of the National Bank of Ukraine (NBU) has decided to keep its key policy rate at 8.5% per annum, the central bank said on its website.
"The Board of the National Bank of Ukraine has decided to keep its key policy rate at 8.5% per annum. This decision comes in line with a decline in inflation to 5% at the end of next year projected in the baseline scenario of the updated macroeconomic forecast," the NBU said.
If an increase in morbidity is recorded and, as a result, a lockdown and a significant slowdown in economic activity, as well as an increase in fundamental inflationary pressure, the National Bank is ready to take additional measures to return inflation to the 5% target, the regulator said.
Advertising
Advertising
MORE ABOUT
Court to hear dispute between Paseniuk and NBU regarding Avangard bank in closed-door session
19:28, 09.04.2024
Amount of losses from financial fraud in 2023 grows by 73% – NBU
17:56, 02.04.2024
Hryvnia exchange rate to all currencies to be set daily, dollar reference rate to be supplemented by euro rate – NBU
14:59, 27.03.2024
Ukraine’s gross external debt increases to 90.7% of GDP in Q4 2023 – NBU
09:55, 26.03.2024
Five MPC members proposed to cut key policy rate to 14%, four to 14.5%, two to leave it at 15%
14:48, 25.03.2024
LATEST
Ukrnafta will reduce electricity consumption at its filling stations
20:18, 18.04.2024
Ukrenergo can apply schedules for limiting industrial consumers amid deficit during spring-summer repair campaign - CEO
16:58, 18.04.2024
EU to provide EUR 1.5 bln in Ukraine Facility transition funding to Ukraine next week
12:22, 18.04.2024
Zelenskyy at World Bank meeting: Ukraine needs efficient financial shield
09:23, 18.04.2024
U.S.-Ukraine Partnership Forum 2024 takes place in Washington