Our key meeting in Varna with IMF Managing Director @KGeorgieva focused on the latest IMF mission’s results and the SLA achieved upon the EFF’s first review – an important joint deliverable. It’s up to the IMF Executive Board now to consider the matter further.
National Bank of Ukraine 🇺🇦
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Офіційний профіль Національного банку України | The official account of the National Bank of Ukraine.
The independent central bank of a free and brave country.
- The Board of the National Bank of Ukraine has decided to keep its key policy rate at 15%. 📍Details: bank.gov.ua/en/news/all/na….This decision ensures sufficiently tight current monetary conditions and takes into account lively demand for hryvnia saving instruments, as well as an easing of risks related to the war in the Middle East and insufficiency of external financing.At the same time, given signs of increasing underlying price pressures, the NBU is ready to raise its key policy rate if necessary to keep inflation expectations in check and return inflation to a sustained downward trajectory toward its 5% target.
- IMF staff and the Ukrainian authorities have reached staff level agreement (SLA) on the First Review of the 4-year, USD 8.1 billion Extended Fund Facility (EFF) Arrangement and concluded discussions of the 2026 Article IV Consultation with Ukraine.
- On 27 May, the @IMFNews mission began its first review of the Extended Fund Facility (EFF) program for Ukraine. A kick-off meeting, held online, brought together teams from the NBU, the Ministry of Finance of Ukraine, and the IMF.The parties discussed the program’s implementation, key areas for further cooperation, the risks of a prolonged war, fiscal policy issues, the mobilization of domestic revenues, the continuation of structural reforms, the maintenance of macrofinancial stability, and other matters“The NBU is consistently fulfilling its commitments under the program and remains open to substantive, professional, and constructive dialogue. I am grateful for the clear stance and support for the NBU’s independence from the IMF and international partners,” said Andriy Pyshnyy
- The National Bank of Ukraine and @nbppl invite submissions for their 10th joint Annual Research Conference titled “Central Banks Response to Future Challenges: Resilience, Credibility, and Innovation”. Join the event on 21‑22 September 2026 (Kyiv, hybrid format).@baselinescene , Nobel Laureate in Economics (2024), Ronald A. Kurtz Professor of Entrepreneurship at MIT Sloan, will deliver the keynote address. Several central bank governors have tentatively confirmed their in-person participation in the conference.Authors wishing to present their research at the conference should send the full text (in pdf format) or a detailed abstract of their paper to [email protected]. 👉 Details:
- We held our traditional workshop Monetary Policy in Emerging Markets. 🌐 It’s a top-level event involving representatives of the IMF, the Bank for International Settlements, and the central banks of Ukraine, Spain, and Latvia.Replying to @NBUkraine2️⃣ Central banks’ voice rings loud enough to drown out explosions. Communication is an important monetary policy tool, especially in crises. When future is opaque, economic agents get especially sensitive to signals and have to understand where the central bank leads the system3️⃣ Understanding how monetary transmission changes when extreme shocks hit is a hot topic in central banking. Influenced by protracted big shocks, the economy becomes considerably more heterogeneous. It’s up to central banks then to look into specifics of every sector and region
- National Bank of Ukraine 🇺🇦 repostedThe meeting of G7 finance ministers and central bankers is shaping a response to economic and security challenges. In a separate session dedicated to Ukraine, I emphasized that our country is a reliable partner with unique experience operating in the new reality.
- On 14 May, the NBU is holding the 6th online workshop Monetary Policy in Emerging Markets. ⏰️ The event starts at 12 p.m. Kyiv time (11 a.m. Central European Time and 10 a.m. London time).Leading economists from around the globe will discuss the financial system’s role in monetary policy transmission in an environment characterized by growing uncertainty and constant shocks. ➡️ The broadcast and program are available here: events.bank.gov.ua/MPEM2026/#sect….















