Report
FREE
Rising inflation, which reached 11.2% YoY in November, compelled the NBU to act despite its recent macroeconomic forecast, which had anticipated no changes in the interest rate until the second half of next year when the first cut was expected. The regulator cited inflationary pressures from food prices as a key driver for the hike, aiming to preserve the attractiveness of UAH-denominated assets.
Weekly Insight -- First rate hike since 2022
The NBU raised the key monetary policy rate by 50 bps to 13.5%, defying market expectations.Rising inflation, which reached 11.2% YoY in November, compelled the NBU to act despite its recent macroeconomic forecast, which had anticipated no changes in the interest rate until the second half of next year when the first cut was expected. The regulator cited inflationary pressures from food prices as a key driver for the hike, aiming to preserve the attractiveness of UAH-denominated assets.
Provider
ICU
ICU IS A FINANCIAL SERVICES GROUP PROVIDING SECURITIES TRADING, INVESTMENT BANKING AND ASSET MANAGEMENT FOR PRIVATE AND INSTITUTIONAL INVESTORS.
More information about ICU you can find at https://www.icu.ua/
Research Team
Other Reports from ICU
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.