The Monetary Policy Committee settled on a discount rate of 11%.

 The National Bank of Ukraine (NBU) board set a discount rate of 10% on January 20, contrary to the decision of the Monetary Policy Committee the day before, which advised ant 11% rate to stabilize the foreign exchange market. According to the NBU statement regarding this issue, “Members of the NBU Board considered the dynamic change in the value of Ukrainian assets and signs of stabilization in the foreign exchange market, which appeared in the afternoon of January 19 and the morning of January 20. Given these factors, some board members have changed their position.”