The Ukrainian Central Bank retained its benchmark interest rate at 15% today, Thursday, as its new governor advances talks with the International Monetary Fund to secure a lifeline for the nation’s battered economy.
The bank’s choice was in line with what nine economists who took part in a Bloomberg News Agency poll had to say.
The bank’s monetary policy committee officials said they would postpone any change in interest rates until the first quarter of 2024.
Inflation will continue to be under control thanks to the stability of the exchange rate, assistance from the main policy rate, and additional steps implemented by the bank, the Ukrainian Central Bank said today in Kyiv.
In a statement, the bank also stated that “ongoing cooperation with international partners will remain a key element in maintaining the Ukrainian economy throughout the extensive war and recovery after the war.”
To boost the national economy, Ukraine is requesting an additional $20 billion from the International Monetary Fund.
In one of his first statements after being appointed Governor of the Central Bank, Andrei Bishni emphasised his desire to collaborate with the IMF and spoke about the crisis management strategy he intended to continue implementing. He is currently in Vienna, the capital of Austria, taking part in talks that are expected to end today, or Thursday.
The Ukrainian Central proves the interest rate and keeps up with the IMF negotiations.
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