KYIV, July 23 – The National Bank of Ukraine (NBU) may further raise its key policy rate at a meeting in September in case there are inflationary risks, the protocol of a July 11 meeting of the NBU's Monetary Policy Committee (MPC) says.

While the NBU's board at its committee meeting on July 12 decided to raise the key policy rate from 17% to 17.5% as of July 13, most of the committee's members (five out of nine) concurred in the idea to raise the key policy rate by 100 bp up to 18.0%.