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

2020

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)

28-29 January

30 January

To cuts the Key Policy Rate to 11.0%

10 February

Speech by NBU Governor Yakiv Smolii

30 January

11 March

12 March

To cuts the Key Policy Rate to 10.0%

23 March

Speech by NBU Governor Yakiv Smolii

12 M11 Junearch

21-22 April

23 April

To cuts the Key Policy Rate to 8.0%

4 May

Speech by NBU Governor Yakiv Smolii

23 April

10 June

11 June

To cuts the Key Policy Rate to 6.0%

22 June

Speech by NBU Governor Yakiv Smolii

11 June

21-22 July

22 July

To Keep the Key Policy Rate at 6.0%

3 August

Speech by NBU Governor Kyrylo Shevchenko

23 July

2 September

3 September

 

14 September

 

 

20-21 October

22 October

 

2 November

 

 

9 December

10 December

 

 21 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