Skip to content
Schedule of Meetings and Key Publications on Monetary Policy

2025

Meeting of the Monetary Policy Committee Meeting of the NBU Board on Monetary Policy Decision of the NBU Board on the Key Policy Rate Speech at a press briefing Video of press briefing (UKR) Inflation Report Summaries of the Discussion on the Key Policy Rate at the Monetary Policy Committee
21-22 January 23 January To Raise the Key Policy Rate to 14,5% Speech by NBU Governor Andriy Pyshnyy 23 January 30 January 03 February
05-06 March 06 March     06 March   17 March
15-16 April 17 April     17 April 24 April 28 April
03-04 June 05 June     05 June   16 June
22-23 July 24 July     24 July 31 July 04 August
09-10 September 11 September     11 September   22 September
21-22 October 23 October     23 October 30 October 03 November
09-10 December 11 December     11 December   22 December

The NBU Board makes decisions on the key policy rate and other monetary tools eight times a year, in line with a schedule published in advance. At its regular meetings in January, April, July, and October, the NBU takes decisions based on the latest macroeconomic forecast, the full version of which is published quarterly in the central bank’s inflation reports. At the remaining four meetings (in March, June, September, and December), the NBU Board makes its decisions based on assessments of risks and uncertainly, taking into account new information about domestic and foreign events that have occurred since the latest forecast. If necessary, the NBU Board may convene extraordinary meetings on monetary policy issues in addition to regular meetings.

Monetary decisions are preliminarily discussed at regular (and, if required, extraordinary) meetings of the Monetary Policy Committee (MPC), which is an advisory collegial body. The MPC does not make decisions or provide recommendations, but rather exchanges information and views, and ensures there is an in-depth and detailed discussion of monetary issues before they are submitted to the NBU Board for consideration. The MPC comprises the NBU Governor, other NBU Board members, and the directors of the following four departments: Monetary Policy and Economic Analysis, Open Market Operations, Financial Stability, and the Statistics and Reporting Departments.

The key policy rate decision is always announced at a press briefing on Thursday at 2 p.m. immediately after the relevant monetary policy meeting of the NBU Board. A press release that reflects the NBU’s consensus perspective on its decisions is published at the same time.

On the 11th day after the decision is made, the NBU publishes a summary of the discussion by Monetary Policy Committee members. The summary shows the depersonalized opinions of all MPC members on the optimal monetary policy decisions to be made. It also includes differences of opinion and the reasoning behind them.

 

 

 

Archive 2015-2017