The Board of the National Bank of Ukraine decided to maintain its refinancing rate at the level of 22% per annum. This decision is fixed by the resolution of the Management Board of the National Bank of Ukraine dd. October 29, 2015 №750 on Regulation of Monetary Market, the bank’s press-service reports.
The decision of the Management Board of the National Bank of Ukraine on unchanging refinancing rate is aimed at maintaining downward trend in inflationary expectations.
The fundamental factors, preconditioning the disinflationary trend in economy, continue to be relevant. Among them are the weak domestic demand, low prices on world goods markets, balance of current account and reasonable fiscal policy. Considering this, the National Bank keeps its forecast of 12-% inflation for the end of 2016. In future, in case of maintaining the expected disinflationary trend, the National Bank of Ukraine can continue the easing the monetary policy, started in August 2015.
