NBU leaves key policy rate unchanged at 25%

NBU leaves key policy rate unchanged at 25%

Ukrinform
The National Bank of Ukraine (NBU) has endorsed a decision to leave its key policy rate unchanged at 25%.

The relevant statement was made by NBU Governor Andriy Pyshnyy at a briefing, an Ukrinform correspondent reports.

“The Board of the National Bank endorsed a decision to leave the key policy rate at 25% per annum and introduce a number of additional measures to increase competition among banks for long-term retail deposits,” Pyshnyy told.

In his words, such steps will help to further increase the attractiveness of hryvnia savings, support the stability of the foreign exchange market, and create prerequisites for easing foreign currency restrictions.

Additionally, this will protect personal savings against inflation and ensure a decrease in price pressure.

A reminder that, in January 2022, the National Bank of Ukraine (NBU) raised its key policy rate to 10%. As the Russian full-scale invasion started, the key policy rate was kept unchanged. On June 3, 2022, the NBU raised its key policy rate from 10% to 25%.

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and the website of a foreign media outlet. Materials marked as "Advertisement" or with a disclaimer reading "The material has been posted in accordance with Part 3 of Article 9 of the Law of Ukraine "On Advertising" No. 270/96-VR of July 3, 1996 and the Law of Ukraine "On the Media" No. 2849-Х of March 31, 2023 and on the basis of an agreement/invoice.

© 2015-2024 Ukrinform. All rights reserved.

Extended searchHide extended search
By period:
-