12:04 - 9.12.2022

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December 9, Fineko/abc.az. At a meeting on Thursday the Board of the National Bank of Ukraine decided to keep the discount rate at 25%. 

ABC.AZ reports with reference to the Ukrainian media that thus, the Ukrainian regulator decided to keep the rate set in June 2022.

The NBU's explanation says that such a decision will contribute to "strengthening the monetary transmission, maintaining exchange rate stability and gradually reducing inflation in 2023". At the same time, according to the National Bank, inflation in Ukraine for October accelerated to 26.6% in annual terms. Data for November is not provided, however, it is indicated that inflation continued to rise last month.

The Ukrainian regulator does not expect an early slowdown in inflation, noting that it "in 2023-2024 will significantly exceed the NBU's goal of 5%". 
Under such conditions, the National Bank said, the condition for the functioning of the economy remains "a sufficient and rhythmic flow of international financing". To cover the budget deficit, Ukraine plans to receive 18 bn euro from the EU and $10 bn from the U.S. in 2023.