The state regulator believes that international reserves will be sufficient to fix the exchange rate of the Hryvnia at the current level.
The National Bank of Ukraine (NBU) has kept the discount rate at 25% per annum. The National Bank website reported this on Thursday, September 8.
“Given the estimated inflationary dynamics and the balance of inflationary risks, the Board of the National Bank decided to leave the discount rate at 25%. This decision is consistent with the basic scenario of the macroeconomic forecast, which provides for maintaining the rate of the discount. at the current level at least until the second quarter of 2024,” the statement said. .
The regulator also says that international reserves are sufficient to fix the hryvnia exchange rate at the current level.
“The National Bank is ready, if necessary, to raise the key rate above the current level and apply additional measures to protect international reserves and maintain the management of inflationary processes,” the report said.
Recall that the NBU changed the volume of sales of foreign currency to the population. The regulator also clarified the procedure for the purchase of foreign currency by businesses for foreign currency settlements.
In addition, for the first time since the beginning of the war, Ukrainians bought more currency than they sold. The net purchase of foreign currency by the population of Ukraine last month amounted to more than $106 million.
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Source: korrespondent
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