Ukraine’s MPC minutes show worries over inflation and war

The National Bank of Ukraine
The National Bank of Ukraine
Oksana Parafeniuk

Some members of the Ukrainian central bank’s monetary policy committee warned it might need to continue raising rates, a record of its last meeting shows.

The National Bank of Ukraine MPC’s 10 members voted unanimously to raise the policy by 100 basis points to 7.5% rate on April 15. This was the NBU’s second rate rise of the year, after it increased the policy rate by 50bp on March 4.

Inflation has risen for the last six consecutive months in Ukraine, according to official figures, from 2.3%

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