NBU retains key rate at 12.5%

Photo fromm NBU

"The need to return inflation to the target values may result in keeping the key rate on hold until the National Bank receives clear signs that the inflation risks have been leveled," the NBU reported on Thursday.

The Board of the National Bank is convinced that achieving price stability is a prerequisite for sustainable economic growth.

Read alsoNBU to ease forex restrictions for banksAccording to the central bank, the next meeting of the monetary committee will be held on September 14.

As UNIAN reported, the National Bank on July 6 decided to keep the discount rate at 12.5% per annum after its reduction for two consecutive months, by 1pp in April and by 0.5 pp in May.