The majority of Ukrainian bankers surveyed by Interfax-Ukraine expect the National Bank of Ukraine (NBU) to keep the key policy rate unchanged at 15.5% during its meeting on October 23. However, a smaller group of experts believe a reduction of 0.5 percentage points may be considered. The decision is expected to have significant implications for the Ukrainian economy, particularly in terms of inflation control and economic growth.
Analysts are divided on the potential impact of a rate cut, with some arguing that it could stimulate investment and consumer spending, while others warn that it might lead to increased inflationary pressures. The NBU’s stance will be crucial in determining the trajectory of Ukraine’s economic recovery in the coming months.
As the central bank prepares to announce its rate decision, market participants are closely monitoring economic indicators such as inflation rates, GDP growth, and currency exchange rates. The outcome of the meeting is likely to influence not only domestic economic conditions but also investor confidence and international capital flows into Ukraine.