What happened? The Board of the National Bank of Ukraine has decided to keep the key policy rate at 25% per annum.
Source. The press service of the bank.
Details. "In order to return inflation to a steady decline, as well as to maintain exchange rate and macrofinancial stability in conditions of high uncertainty, the Board of the National Bank decided to keep the discount rate at 25%," the statement reads.
It is noted that this will further increase the attractiveness of hryvnia assets, maintain exchange rate stability and gradually reduce inflation.
The updated forecast assumes that the key policy rate will remain at 25% at least until the end of the first quarter of 2024.
The NBU informs that it is ready to take further measures, if necessary, to avoid monetary financing of the budget deficit, increase the attractiveness of hryvnia assets, strengthen the stability of the foreign exchange market, and create the right conditions for easing administrative restrictions.