NBU to make public its forecast of key policy rate

The National Bank of Ukraine (NBU) will start
publishing its forecast of key policy rate, the Deputy Head of NBU Dmytro
Sologub said in an interview with Interfax-Ukraine published on July 8. The
projections will be given for the next 2.5 years. The first such forecast
should be released on July 25.

The NBU will be the eighth central bank to make its
key policy rate forecast public. The forecast of the key policy rate should
help market participants in projecting bonds’ yield curves and interest
spreads, Sologub said.

Evgeniya Akhtyrko: Making public the key policy rate forecast is a good initiative that
increases the transparency and accountability of Ukraine’s central bank. At the
same time, investors will have more information for justifying their decisions
on buying Ukraine’s local bonds. This is important given the increased interest
of foreign investors in Ukraine’s local bond market due to the recent implementation of
Clearstream.