Daily Insight -- NBU increases key rate to 13.50%
Last Thursday, the NBU decided to increase, effective October 27, its key monetary rate 100bp to 13.50%, just 50bp below the 14.00% level set a year ago. Also, starting from last Friday, the NBU rose interest rates to 11.50% for ON CDs and 13.50% for 14-days CDs. Also interest rates could rise for 3-month CDs above the 14.35% cut-off rate set last week. The bond market could have a different reaction to the NBU's decision.
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