Weekly Insight -- NBU increased key rate to 18%
In the wake of the IMF mission arrival, the NBU continued the interest rate hike cycle it started back in October 2017.
In response to the turbulence in emerging markets that resulted in the recent devaluation of the hryvnia, the NBU has increased the key rate by 50 bps to 18%. The Regulator expressed concern over inflation, which, despite currently being within the target range, has the potential to accelerate.
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