NBU - Latest news GMK Center

To fight inflation, the National Bank raised the key rate to 15.5% per annum from March 7

According to NBU estimates, average billet prices will decrease by 6.2% y/y – to $579.6/t, for iron ore – by 6.7% y/y, to $113.3/t

The National Bank expects the country's real GDP to grow by 4.1% in 2024

The main risks for economic development are a longer war and strikes on the energy structure

The NBU kept the discount rate at 25% per annum

The burning of gold and foreign exchange reserves decreased by 3.5 times compared to June

In June 2021, the balance of payments was adjusted with a surplus of UAH 753 million

In the first quarter of 2023, the country's economy will also shrink by 19%, and recovery will begin in the second quarter

The NBU's decision to correct the exchange rate is due to the reluctance to burn foreign exchange reserves and increase emissions

Business supported the decision of the regulator

In the next two years, the Ukrainian economy can recover by 5-6%

The National Bank believes that the correction of the exchange rate will increase the inflow and sale of foreign exchange earnings by exporters