The NBU has postponed the review of the discount rate.

In the context of Russia’s large-scale armed aggression, the National Bank of Ukraine (NBU) has kept the discount rate at 10% per annum, postponing the decision to revise it until the economic situation normalizes. “Due to the forced introduction of administrative restrictions, market monetary instruments, in particular the discount rate, do not play a significant role in the functioning of the monetary and foreign exchange markets,” the central bank explained. The National Bank noted that with the normalization of the economic situation, it would resume regular meetings of the board on monetary issues with decisions on the discount rate and the publication of an inflation report with a macroeconomic forecast.