The Board of the National Bank of Ukraine has decided to increase the key policy rate to 10% per annum. As many of the pro-inflationary risks have materialized, tighter monetary policy is needed to improve inflation expectations and ensure steady disinflation toward the target of 5%. Having peaked in autumn 2021, inflation has been declining. However, the decline has been slower than expected, and the underlying inflationary pressure has increased.
National Bank raises the discount rate to 10%.
The NBU cancels the calculation of short-term liquidity ratio by banks.