Ukrainian central bank hikes rate and warns of invasion fears

The National Bank of Ukraine
The National Bank of Ukraine
Photo: Oksana Parafeniuk

The Ukrainian central bank’s monetary policy committee raised policy rates by 100 basis points on January 20, warning fears of Russian invasion are boosting inflation.

The MPC, led by governor Kyrylo Shevchenko, stated that it would raise rates again if prolonged fears of an attack by Russia led to further upwards pressure on inflation.

One day later, the central bank received important support from the country’s highest court over the banking dispute that has dominated its recent history. The

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