The Central bank keeps policy rate unchanged at 14%

UKRAINE - In Brief 26 Jan 2017 by Dmytro Boyarchuk
Today the Board of Directors of the Central bank decided to keep policy rate unchanged at 14%. Inflation threats related to doubled minimum wages as well as recent volatility at the FX market stand behind such a decision. Given that prices indeed will speed up over the upcoming weeks (we already observe widespread prices’ revision with new minimum wages as the key rationale for this) we should expect the Central bank to abstain from policy rate cuts in the nearest future. Next meeting of the Board of Directors is scheduled for March 2nd.

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