Ukraine’s Monetary Policy Review Postponed

March 3, 2022

A scheduled monetary policy review by the National Bank of Ukraine was postponed. Ukraine’s discount rate had previously been lifted from 6.0% a year ago to 10% after a full percentage point hike at the previous review in January. In a released statement, Governor Shevchenko said that Ukraine’s banking system remains liquid and stable and went on to explain:,

We remain committed to pursuing our inflation-targeting regime. However, now that the forced administrative restrictions are in place, market-based monetary instruments such as the key policy rate no longer play a significant role in the operation of the monetary and FX markets.

Copyright 2022, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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