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NBU keeps key policy rate at 25% as expected
KYIV. Oct 20 (Interfax-Ukraine) – The National Bank of Ukraine (NBU), as expected by the market, has kept the key policy rate at 25% per annum, according to the NBU website.
"As the inflation dynamics are close to the forecast and the balance of risks is skewed upward over the policy horizon, the NBU Board decided to keep the key policy rate at 25%… The updated forecast, like the previous one, envisages that the key policy rate will be maintained at 25% at least until Q2 2024," the NBU said.
If required, the NBU stands ready to raise the key policy rate above its forecast and will further deploy additional measures to protect international reserves, as well as and to maintain control over inflation.