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

2023

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)

24-25 January

26 January

To Keep the Key Policy Rate at 25%

6 February

Speech by NBU Governor Andriy Pyshnyy

26 January

15 March

16 March

To Keep the Key Policy Rate at 25%

27 March

Speech by NBU Governor Andriy Pyshnyy

16 March

25-26 April

27 April

To Keep the Key Policy Rate at 25%

8 May

Speech by NBU Governor Andriy Pyshnyy

27 April

14 June

15 June

 

26 June

 

15 June

25-26 July

27 July

 

7 August

 

27 July

13 September

14 September

 

25 September

 

14 September

24-25 October

26 October

 

6 November

 

26 October

13 December

14 December

 

26* December

 

14 December

* on the nearest preceding business day.

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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