This decision is due to the fact that the Bank wants to maintain the downward trend in inflation expectations as factors influencing disinflationary trend in the economy remain relevant.
KIEV, 29 Oct. The Board of the National Bank of Ukraine has decided to leave interest rates at 22% per annum, said on Thursday the press service of the NBU.
This decision was approved by resolution of the Board of the National Bank of Ukraine from October 29.
“The decision of the Board of the National Bank of constant interest rates is aimed at maintaining the downward trend in inflation expectations. The fundamental factors contributing to the disinflationary trend in the economy remain topical”, — stated in the message.
It is reported that the national Bank keeps inflation forecast to 12% at the end of 2016.
Also, given the gradual stabilization of the banking system, the Board of the National Bank decided to decrease the share of cash in banks, which can count towards the coverage of required reserves — from 100% to 75%.
In September the national Bank of Ukraine adopted the decision to lower the discount rate from 27% to 22%.