KYIV, Aug 12 – The National Bank of Ukraine (NBU) may raise the refinancing rate in October 2020 due to rising inflation, the weakening of the hryvnia and the suspension of the International Monetary Fund's program in Ukraine, Serhiy Nikolaichuk, the head of the macroeconomic research department of ICU Investment Group, believes.
"I think it is unlikely that the National Bank will do this [raise the refinancing rate] in September at the next meeting, I think that the risks of raising the rate will rather increase in October, when the NBU will update its macroeconomic forecast," he said during a round table of the Kyiv School of Economics.
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