Ukraine raises policy rates in biggest tightening since 2015
Smolii warns government over need to agree terms with IMF
The National Bank of Ukraine raised its policy rate in its biggest single tightening since 2015, in what it said was an effort to bring inflation back within its target range by mid-2019.
The NBU’s monetary policy committee decided to raise its discount rate by 150 basis points to 16%, it announced after its meeting on January 25. Headline inflation in Ukraine reached 13.7% year-on-year in December 2017 – a fall from the year’s high of 16.4% in September, but a slight increase on the November
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