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

2022

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)

18-19 January

20 January

To Raise the Key Policy Rate to 10%

31 February

Speech by NBU Governor Kyrylo Shevchenko

20 January

2 March

3 March

 

14 March

 

3 March

12-13 April

14 April

 

26 April

 

14 April

1 June

2 June

 

14 June

 

2 June

19-20 July

21 July

 

1 August

 

21 July

7 September

8 September

 

19 September

 

8 September

18-19 October

20 October

 

31 November

 

20 October

7 December

8 December

 

19 December

 

8 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.

 

Arhiv 2015-2017