Sovereign Analysis /
Ukraine

Assessing Ukraine's rate hike

  • The NBU increased its policy rate by 15% to 25% on 2 June, its first rate change since the start of the war

  • The hike follows an acceleration in inflation (now at 16%) and risk from further deterioration in inflation expectations

  • The Bank also warned about the risks from dollarisation and expectations of currency depreciation

Assessing Ukraine's rate hike
Stuart Culverhouse
Stuart Culverhouse

Chief Economist & Head of Fixed Income Research

Tellimer Research
6 June 2022
Published byTellimer Research

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