The National Bank raised the discount rate to 13.5 – UNIAN
It is expected that this decision will help reduce pressure on exchange rates and prices.
The Board of the National Bank of Ukraine decided to increase the discount rate to 13.5% per annum. This decision is aimed at maintaining the stability of the foreign exchange market, keeping inflation expectations under control and gradually slowing inflation to the target of 5%.
As NBU head Andriy Pyshny said during a briefing, the regulator sees the need to strengthen interest rate policy to reverse the inflation trend and bring inflation to the 5% target on the policy horizon:
“Increasing the discount rate will help maintain control over inflation expectations and support the real yield of hryvnia instruments. This will fuel interest in urgent hryvnia savings, and, accordingly,…
