In Ukraine, the third time has increased the rate of discount

The National Bank of Ukraine (NBU) increased the discount rate of 1% to 15.5% per year, which responded to a further increase in inflation. It was reported on the regulator website on Thursday, March 6.

“To support the stability of the foreign exchange market, maintaining control of expectations and gradual inflation at the target of 5% at the end of politics, the National Bank of Ukraine’s board decided to increase the rate of discount of 1 p., Up to 15.5%,” the report said.

The regulator admitted that the pressure was more stable than expected, the pressure in the part of the major factors and the higher index risks improve the threat of deterioration in inflation expectations and a longer integration -Includes inflation at high levels. This, accordingly, increases the likelihood of a transfer to the discount rate reduction later than expected in January macrogenosis.

“In the case of further growth in the NBU, the NBU will not hesitate to have further increases in interest policy,” the NBU warned.

The Central Bank reminds that in January, inflation accelerated by 12.9% in the annual calculus. And according to NBU estimates, in February it grew in the future. It is noted that accelerating consumer inflation is due to the action of temporary factors, such trends are expected and generally associated with the forecast.

At the same time, as the regulator indicates, the influence of major inflationary factors has been enhanced due to further refinement on the prices of increasing the costs of businesses for energy sources and labor salaries, as well as maintaining adequate consumer demand. As a result, the main inflation is rapidly accelerating, leading to forecasting assessments, especially according to the “service” component.

“Inflation will grow in the coming months due to the further influence of the worst crops of last year and the increased production costs of businesses. At the same time, the NBU measures applied to boost financial policy limit the major price pressure, and the flow of new tag -sun crops will slow down the increase in prices for food products,” the regulation of food products,

According to his expectations, thanks to the NBU’s proposals and the gradual fatigue of the influence of the temporary motor motor, it should return to the trajectory slowing down the second half of the year and go down to a single level at the end of the year. As a result of the policy, inflation will decrease to 5%.

“The main risk to inflationary dynamics and economic development remains the course of a full -scale war,” the NBU mentioned.

Keep in mind that the current increase in discount rate is the third in a row since mid -December 2024. Prior to that, the National Bank was held six months to 13%, which reduced it from 25% from July 2023 to seven stages.

It was also reported that by the end of January the NBU exacerbated the inflation forecast for 2025 from 6.9 to 8.4%.