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Schedule for the Monetary Policy Decision-Making Meetings of the Board of the National Bank of Ukraine

2024

Meeting of the Monetary Policy Committee

Meeting of the NBU Board on Monetary Policy

Decision of the NBU Board on the Key Policy Rate

Summaries of the Discussion on the Key Policy Rate at the Monetary Policy Committee

Speech at a press briefing

Video of press briefing (UKR)

23-24 January

25 January

To Keep the Key Policy Rate at 15%

05 February

Speech by NBU Governor Andriy Pyshnyy

25 January

12-13 March

14 March

 

25 March

 

14 March

23-24 April

25 April

 

06 May

 

25 April

11-12 June

13 June

 

24 June

 

13 June

23-24 July

25 July

 

05 August

 

25 July

17-18 September

19 September

 

30 September

 

19 September

29-30 October

31 October

 

11 November

 

31 October

10-11 December

12 December

 

23 December

 

12 December

 

The NBU maintains a so-called 7-day silence period on monetary policy (also called a quiet period) before making and unveiling a monetary policy decision. This period begins on the last Thursday that precedes the Board’s monetary policy meeting, and ends at 2 p.m. on the day of the meeting, at the same time that the Board makes public its monetary policy move on the NBU’s official website.The Governor of the National Bank of Ukraine announces a monetary policy decision made by the Board at a press briefing at 2 p.m., two hours after the Board meeting on monetary policy ends.

During this period, the NBU Board members and other members of the Monetary Policy Committee, along with the rest of NBU employees, must not discuss monetary policy issues with mass media, banks, experts, investors, and other stakeholders – whether on or off record. The silence period also implies that mass media may not publish NBU representatives’ interviews, comments, or other public materials that were prepared before the silence period went into effect but that contain statements pertaining to monetary policy.

The silence period, which is common practice among inflation-targeting central banks, is intended to prevent public speculations around an upcoming monetary policy decision of the NBU, as they may have an ambiguous effect on the expectations of financial market participants, increase uncertainty, and trigger excessive market volatility.

 

 

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