Under certain conditions, the NBU is ready to start a cycle of lowering the discount rate earlier than expected.
The Board of the National Bank of Ukraine decided to keep the discount rate at 25%. This indicator has not changed over the past year, according to the regulator’s website on Thursday, June 15.
“This will help maintain the attractiveness of hryvnia instruments, maintain the stability of the foreign exchange market and reduce inflation, which together will create the requirements for further gradual easing of foreign exchange restrictions, ” said the report.
At the same time, it is indicated that the National Bank is ready to start a cycle of lowering the discount rate earlier than the given April macro forecast. This will happen if the growth of the real yield of hryvnia instruments and the reduction of risks for the stability of the exchange rate will continue faster than expected.
Recall that in April the NBU improved its forecasts for the Ukrainian economy, including for the gross domestic product. A week ago, the Ministry of Economy announced the GDP growth.
_______________________
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.