Date: 8 months ago   Category: Financial

The NBU has raised discount rate to 18% per annum


The board of the National Bank of Ukraine has made the decision to raise discount rate to 18% per annum since September 7, 2018. The National Bank of Ukraine has raised discount rate to 18% per annum. On Thursday, September 6, have reported about it in National Bank, RBC Ukraine tells. In particular, in the NBU have decided to raise discount rate to 18% per annum since September 7. "The board of the National Bank of Ukraine has made the decision to raise discount rate to 18% per annum since September 7, 2018. Despite sure decrease of the inflation rate since the beginning of year, realization of a number of risks can prevent this tendency further. Carrying out more tough monetary policy will allow to level influence of these risks and to return inflation to a framework of target range at the end of 2019 and to achieve the medium-term objectives of 5% in 2020", - have reported in National Bank. There have also added that in July consumer inflation has continued to be slowed down - up to 8,9% in annual measurement, having come very close to target range, established by the basic principles of monetary policy for 2018 and the medium term. According to preliminary estimates the NBU, in August inflation also remained close to this mark. At the same time it is noted that basic inflation in July was slowed down about 8,8% in annual measurement that was also expected National bank. However, still high values of basic inflation demonstrate preservation of essential fundamental inflationary pressure. Besides, the National bank considers relevant the July forecast of decrease of the inflation rate to 8,9% in 2018, her return to target range at the end of 2019 and the medium-term purpose of 5% in 2020. We will remind, the international reserves of Ukraine have dropped by $520 million. Also it was reported that the NBU expects preservation of deflation in August. News from the Correspondent.netv of Telegram. Subscribe for our https://t.me/korrespondentnet channel

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