Since the NBU's key policy rate increase last Friday, the hryvnia has appreciated 3% in nominal terms, closing at 27.8435 UAH/USD on Wednesday, only to correct slightly on Thursday, closing down 0.1% to 27.8695 UAH/USD. In the local market, it sold for 27.66 UAH/USD versus 27.90 to buy at the Ukrainian cash market. Its CPI-based real trade-weighted index fell 0.58% to 104.8; in year-on-year terms, it is down 3.08% from 108.13 last year.
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