The national Bank of Ukraine has raised the discount rate to 30%
The national Bank of Ukraine increased the refinancing rate from 19, 5% to 30% from 4 March 2015, said the head of the NBU Valeria Gontareva. about it informs UNIAN. Before the media citing the sources said that the leadership of the National Bank of Ukraine adopted the decision to increase the discount rate to 30%. Remember, the national Bank of Ukraine on February 6, has raised the discount rate to 19, 5% to 14% due to the increase in consumer inflation to 24, 9% at the end of 2014. After the account of the national Bank increased interest rates for its active and passive operations to regulate the liquidity of the market in order to reduce the devaluation pressure on the foreign exchange market. The tightening of monetary policy of the NBU aimed at stabilizing the exchange market complex and the hryvnia exchange rate. For the first two months of 2015, the hryvnia has depreciated by 200% in total over the past year, the hryvnia depreciated by almost four times. The rate of devaluation accelerated in mid-February against the backdrop of escalating hostilities in the Donbass and once the Central Bank continued to intervene in the daily currency auctions. The national Bank was forced to impose additional administrative limits, however, the situation is not corrected. To alleviate the panic happened only After the output of the regulator to intervene in the market. In addition, last Thursday, the national Bank of Ukraine lowered the exchange rate is almost two grivnas 30, 01 hryvnia per dollar. On Wednesday, the head of Ukraine Petro Poroshenko asked in a persistent form from the head of the national Bank to stabilize the exchange rate at the level at which relied Cabinet for approving changes to the state budget 2015 21, 7 UAH per dollar.