The National Bank of Ukraine (NBU) plans to increase the discount rate by 100 basis points in March to 11% per annum from the current 10%, said First Deputy Chairman of the NBU Kateryna Rozhkova. According to her, the majority of the members of the Monetary Committee and the members of the Board voted in favor of raising the rate by 1% and then, perhaps, in March by another 1%. She also highlighted, “it’s possible” because objectively the situation is changing and “There are various external and internal factors that may correct the problem and such a decision will not need to be made, but as of today, there is such a need.
The NBU might raise the discount rate to 11% in March.
