The National Bank of Ukraine has left its key policy rate at 15.5%, aiming to stabilise the foreign exchange market and control inflation expectations. This was stated by NBU Governor Andriy Pyshnyi during a briefing on 5 June, Ukrinform reports.
“This will support the stability of the foreign exchange market and the controllability of inflation expectations, which will help to return inflation to a sustainable decline,” Pyshnyi explained.
The decision demonstrates the NBU’s cautious monetary policy in the face of internal and external risks. The NBU Governor noted that the regulator is ready to keep the key policy rate unchanged for longer if inflationary threats increase.
“If risks increase, we are ready to take additional monetary measures to maintain price stability,” he added.
The NBU’s key policy rate remains a key instrument for maintaining macrofinancial stability, especially in a war economy where it is important to maintain confidence in the hryvnia and control over prices.
