NBU raised key policy rate to 18%

The NBU increased the key policy rate at 0.5 p.p. to 18%
The National Bank of Ukraine increased the key policy rate in 0.5 p.p. to 18%.
It was reported by the NBU.
It's noted that, in July, consumer price inflation continued to decelerate, reaching 8.9% yoy and closely approaching the target range set by the NBU (6.5% ± 2 pp as of the end of Q3 2018).
According to the NBU’s preliminary estimations, in August, inflation was also close to this level.
The decline in inflation in July was generally in line with the most recent macroeconomic forecast of the NBU.
A sizable increase in domestic and imported supply of food products, which dampened price growth, contributed to lower inflation.
In addition, hryvnia appreciation in the first half-year influenced prices of non-food products.
Core inflation decelerated in July, to 8.8% yoy, which was also expected by the NBU.
However, core inflation remaining high indicates that the underlying inflationary pressure is persistently strong.
This is mainly the result of the rapid growth in real wages, which leads to higher production costs and sustained consumer demand.
The NBU increased the key policy rate from 19.5% to 30% since March 4, 2015.
Then the NBU continued keeping the rate at 30% for many times.
On August 25, 2015, the NBU lowered the key policy rate to 27%, on September 25, 2015 - to 22%.
The NBU lowered the rate from 22% to 19% since April 22, 2016, on May 27, 2016 - from 19% to 18%, on June 24 - from 18% to 16%.
On July 29, 2016, the NBU lowered the key policy rate from 16.5% to 15.5%, on September 16, 2016 - from 15.5% to 15%.
On October 28, 2016, the NBU lowered the key policy rate from 15% to 14%, in December 2016 and January 2017 - remained at 14%, in April 2017 - lowered to 13%, in May 2017 - to 12.5%, in October - increased to 13.5%, in December 2017 - to 14.5%, in January - to 16%, in March 2018 - to 17%, in July 2018 - to 17.5%.
- 15:3305.12433405.12.2018 | Macroeconomy43340New Memorandum on cooperation with IMF is approvedThe Government approved drafts Letter of Intent and Memorandum on Cooperation with IMF within stand by program
- 14:5022.1063222.10.2018 | Macroeconomy6320S&P worsened Ukraine's GDP growth forecast from 3.1% to 3.0%S&P revised Ukraine's GDP growth forecast for 2018 from 3.1% to 3.0%, inflation forecast - from 8.9% to 10.3%
- 12:2009.1067909.10.2018 | Macroeconomy6790IMF improved prognosis of Ukraine's GDP growth in 2018The IMF improved forecast for Ukraine's GDP growth from 3.2% to 3.5% in 2018.
- 15:0806.0958006.09.2018 | Macroeconomy5800NBU raised key policy rate to 18%The NBU increased the key policy rate at 0.5 p.p. to 18%
- 10:4603.0950403.09.2018 | Macroeconomy5040Ukraine exports goods and services worth USD 11.2 billion to EU in H1, 2018Ukraine's exports to the EU increased in USD 2 billion
- 16:5628.0850428.08.2018 | Macroeconomy5040NBU said when Ukraine to make arrangements with IMFThe NBU expects to receive USD 2 billion from IMF till the end of autumn.
- 09:5927.0851827.08.2018 | Macroeconomy5180EBRD on privatization: Investors should be realEBRD: new owners of the companies should be real investors.
- 16:1923.0879223.08.2018 | Macroeconomy7920Government prepares to receive next IMF trancheThe government authorized Acting Minister of Finance Oksana Markarova to sign bills in favor of IMF.




16:58 07.124543Investors' coming to coal industry seems impossible14:37 07.124389Kyivstar got new CEO16:12 06.124268FUIB afforced Supervisory Board13:54 06.123937Chinese allowed to enter PFTS's capital15:33 05.124334New Memorandum on cooperation with IMF is approved11:17 05.124367Ukrainian Exchange admitted bonds of Alfa Bank and OTP Bank to trading16:07 04.123968Ihor Mitiukov was reselected as NDU's Supervisory Board Chairman12:55 04.123697VAT refund has increased by 12% since January 201815:10 03.124324EBRD, EIB and WBG launch enterprise survey12:07 03.123970Ukraine is in top three countries by frequency of systemic banking crises