statement
Thanks to the discount rate increases in July and September, monetary conditions are already tight enough to restrain price pressure.
A statement by Вони. Statements are as reported by the cited publishers — not verified by DecisionGateway.
Вони вважають, що завдяки підвищенню облікової ставки у липні та вересні монетарні умови вже є достатньо жорсткими, щоб стримати ціновий тиск.
Discussion
Related claims
Eight of 11 discussion participants favored raising the discount rate to 16.5% in October given the significant increase in price pressure and marked deterioration of inflation expectations.Вісім з 11 учасників дискусії · statementEach of the reasons is weighty on its own, and together they mean that one must not rush to lower the rate, otherwise interest rates in the economy and prices will rise.Эльвира Набиуллина · statementRaising the discount rate will accelerate the pass-through of previous NBU decisions to hryvnia deposit rates, supporting their attractiveness, contributing to FX market resilience and curbing inflation, while not undermining lending growth.Ці учасники дискусії · statementRestoring capacity takes longer than previously expected and inflation expectations remain high, so the effect of the temporary supply reduction on price growth will fade gradually; under these conditions moderately tight monetary conditions must be maintained longer to return inflation to target.Резюме обсуждения ключевой ставки · statementAccording to enterprises' assessments, non-price lending conditions tightened somewhat.предприятий · statementStrong demand and higher regulated tariffs are still putting pressure on prices, which gives the Central Bank reason to wait before cutting rates.Avesta View · statement