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

2021

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)

19-20 January

21 January

To Keep the Key Policy Rate at 6.0%

1 February

Speech by NBU Governor Kyrylo Shevchenko

21 January

3 March

4 March

To Raise the Key Policy Rate to 6,5%

15 March

Speech by NBU Deputy Governor Yurii Heletii

4 March

13-14 April

15 April

 

26 April

 

15 April

16 June

17 June

 

29 June

 

17 June

20-21 July

22 July

 

2 August

 

22 July

8 September

9 September

 

20 September

 

9 September

19-20 October

21 October

 

1 November

 

21 October

8 December

6 December

 

 20 December

 

6 December

 

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.

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.

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.

 

Arhiv 2015-2017