The NBU pointed to a factor that will affect the currency market of Ukraine in the near future

Positive developments in the issue of receiving international financial assistance should contribute to maintaining the stability of the foreign exchange market of Ukraine.

RBC-Ukraine reports this with reference to the results of the meeting of the Monetary Policy Committee (MoP) of the NBU on March 13, during which the decision to lower the discount rate from 15 to 14,5% was supported.

As noted in the message, at the end of February, the Council of the European Union approved the launch of the Ukraine Facility with a total volume of EUR 50 billion for 2024-2027. Within its limits, already in March-April, Ukraine should receive transitional financing in the amount of 6 billion euros.

"In general, Ukraine can receive more than 10 billion dollars in March-April. This will make it possible to increase the volume of international reserves to a new record level, which will strengthen the NBU's ability to ensure exchange rate stability and maintain moderate inflation," the message reads.

In addition, in the conditions of a steady decrease in inflation and a stable situation on the foreign exchange market, the inflation expectations of most groups of respondents continued to improve. This, in turn, contributed to maintaining interest in hryvnia instruments.

"In particular, the population's investments both in term bank deposits and in hryvnia OVDP bonds continued to grow. This further limits the demand for currency and, accordingly, pressure on international reserves," the NBU added.