The national Bank of Ukraine has decided to increase the discount rate from 19, 5% to 30%, reports on Tuesday, the Ukrainian news Agency referring to a source in the financial market.

"The discount rate is 30%," - said the head of the Department, without specifying the date on which the rate will be increased. He referred to the results of the meeting with the NBU with bankers, which took place on Tuesday. According to him, the regulator's decision shall be promulgated in the near future.

The national Bank 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.

sections: Politics