The National Bank of Ukraine (NBU) may raise its key policy rate in September in case inflation risks continue to increase.
“MPC members [the NBU Monetary Policy Committee] agreed that if realization of the above risks or occurrence of new risks to lower inflation or macrofinancial stability became more probable, the NBU could raise the key policy rate again to a level required to bring inflation back to its medium-term target,” reads a statement in the summary of the July 11 discussion on the key policy rate at the NBU MPC, posted on the NBU website.
