The base scenario of the NBU forecast provides for a slight decrease in the discount rate from the second half of 2024.
The National Bank of Ukraine decided to keep the discount rate at 15% per annum. This was reported on the regulator’s website on Thursday, January 25.
“This decision is consistent with the need to further maintain exchange rate stability, maintain moderate inflation in 2024 and bring it to the target range of 5% ± 1 percentage point over the policy horizon in finances,” the statement said.
The National Bank believes that it will maintain the attractiveness of hryvnia instruments, which will limit the demand in the foreign exchange market and contribute to the fulfillment of the task of the regulator to ensure the stability of the exchange rate.
At the same time, the base scenario of the NBU forecast provides for a slight decrease in the discount rate from the second half of 2024.
“Further decisions on the discount rate will depend on the dynamics of inflation, the state of the foreign exchange market, the rhythm of the flow of international aid, the evolution of security risks and other factors,” the statement said. .
As you know, in June 2022, the National Bank raised the discount rate from 10 to 25%. This level remained until July 2023, when the NBU lowered the rate to 22%. In September, the NBU reduced the rate to 20%, in October – to 16%, and in December – to 15%.
___________________
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.