NBU surprises with hold in Shevchenko’s first policy decision

Kyrylo Shevchenko
Kyrylo Shevchenko
Photo: National Bank of Ukraine

The National Bank of Ukraine surprised many analysts today (July 23) by holding rates, a few days after new governor Kyrylo Shevchenko gave remarks that many interpreted as a desire to ease policy.

The NBU board opted to hold the policy rate at 6%. “This, on the one hand, will curb price growth as the economy recovers in 2021–22, while on the other hand leaving room for further decreasing the cost of credit to one-digit levels,” Shevchenko told press.

Inflation was 2.4% in June. Though the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.