Weekly Insight -- NBU hikes the rate to 7.5%
The decisive step by the NBU was determined by a sharp acceleration of inflation and growing geopolitical risks. As does the NBU, we expect that the rate will be kept at the new level for about a year with a further decrease to 7%. As a result of the rate hike, monetary conditions changed from moderately loose to neutral and will remain so until the end of 2022.
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