Ukraine’s central bank is likely to keep its key interest rate unchanged at 7.5% tomorrow,

expecting inflation will slow down in coming months, indicates a Reuters poll of analysts. At the meeting of the monetary policy board of the National Bank of Ukraine, ten of 14 Ukrainian analysts forecast no rate change. The other four analysts predicted the rate will go up to 8%. Ukraine’s annual inflation rate climbed from 6.1% in January to 9.5% in May 2021.

In the first auction since the central bank decided to keep the prime interest rate unchanged at 7.5%, sales of Ukrainian government bonds jumped by 39% yesterday, to the equivalent of the $416 million,

 the Finance Ministry reports on Facebook. Cut off rates remained the same: 6 months – 9%; 13 months – 10.99%; 18 months. – 11.3%; 2-year – 12%; 3-year – 12.3%; and 5-year – 12.59%. In the only foreign currency bond offering, $112 million worth of one year dollar denominated bonds sold at last week’s rate: 3.7%.