The hike in Ukraine’s discount rate by 10.5% to 30% today is a desperate attempt by the National Bank to regain control of the currency, having botched its attempt to tighten capital controls over the past few weeks. The hryvnia has rebounded on the news, but we’re not convinced that today’s move will stem pressures on the currency.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services