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Ukraine bond yields seen steady as central bank holds rates amid inflation risks

Yields on Ukraine’s hryvnia-denominated government bonds are expected to remain broadly stable in the coming months, analysts said, as the central bank holds off on monetary easing due to rising inflation risks and external uncertainty, reported Ukraine Business News. Investment group ICU said the Finance Ministry had recently been lowering borrowing costs more aggressively than the National Bank of Ukraine (NBU), but the regulator’s decision to keep its key policy rate unchanged at 15% has effectively capped further declines in bond yields. [...]