“Inflation will increase in the coming months but should return to the trajectory of slowing down in the second half of the year”, – WRITE: www.radiosvoboda.org
“Previous steps to strengthen interest policy have stopped the reduction of rates on hryvnia deposits, and the rates for ATPP in the hryvnia have responded quite actively to the increase in the discount rate – this supported the demand for hryvnia instruments. At the same time, for the turn of the inflation trend, additional intensification of monetary conditions is necessary, ” – explains The press service of the regulator.
As expected in the NBU, in the face of maintaining the stability of the currency market, the raising rate “will continue to maintain demand for hryvnia instruments for savings, maintain the control of inflation expectations and limit the pressure on prices accordingly.”
Inflation will increase in the coming months, but should return to the trajectory of slowing down in the second half of the NBU and the gradual exhaustion of temporary inflation drivers.
Last National Bank raised the 1%discount rate, up to 14.5% per annum in January 2025. There was also an increase A month before – in December.
The discount rate is one of the main instruments by which the National Bank establishes for banks and other entities of the monetary market a landmark about the value of the money attracted and placed for the corresponding period.
