KYIV, Aug 4 – Half of members of the Monetary Policy Committee (MPC) of the National Bank of Ukraine (NBU) at a meeting held on July 22 offered to keep the key policy rate unchanged until the end of 2020 (at 6%), three MPC members advocated a cut in the key policy rate and two MPC members – a rise in the rate, the central bank said in a Monday report on its website.

According to the report, the vast majority of MPC members shared the view that in 2021, the key policy rate would probably have to be raised to counteract mounting inflationary pressures.