National Bank of Ukraine prepares to normalize its monetary policy

20.05.2022,15:50


May 20, Fineko/abc.az. Ukraine is making efforts to restore the financial system, which has deteriorated because of the war with Russia. In this context, the National Bank of Ukraine is preparing to return to normalizing its monetary policy decisions from next month.

ABC.AZ reports that NBU's interest rate decisions were suspended after Russia's intervention in the country in February. Despite the fact that the occupation turned the economy upside down, it also contributed to an increase in inflation.

After announcing its latest interest rate decision in January, the NBU raised the policy rate by 100 basis points, bringing it to 10%. The NBU postponed its decisions at the next meetings and said that meetings would continue regularly after the normalization of the economy.