Public debt management police of Ukraine in 2013-2018

Abstract

Data indicate that the dynamics of the National Bank of Ukraine discount rate as the key instrument of monetary policy of Ukraine during 2013-2018 is characterized by mixed trends. In particular, significant inflation expectations and the need to maintain a certain level of inflation in the context of the devaluation of the national currency led to an increase in the discount rate of three times from 6.5% to 22% in 2015. Further steps to stabilize the economic situation in the country and reduce inflationary expectations in 2016 and 2017 contributed to its reduction to 13.5%.