Financial sector news

Despite the weakening exchange rate, the hryvnia continues to be an effective tool for preserving the population's funds. This was stated by the head of the National Bank of Ukraine, Andriy Pyshnyy, in his column for Ukrinform.

According to the head of the regulator, the NBU's tight monetary policy played a decisive role in curbing inflation and stabilizing financial expectations. In particular, in March 2025, the discount rate was raised and then kept at 15.5%. This approach ensured positive real returns on hryvnia instruments and reduced incentives to convert savings into foreign currency.

"To curb inflation, we continued to raise the discount rate in March 2025 and then kept it at 15.5%. As a result, savings in hryvnia remained attractive, which limited pressure on the hryvnia exchange rate and prices," explained Andriy Pyshnyy.

Statistical data confirm the effectiveness of the chosen strategy: Ukrainians are increasingly choosing hryvnia assets for investment. Over the past year, there has been a significant increase in the volume of investments by individuals:

• Term hryvnia deposits grew by almost 20%.
  
• Hryvnia bonds (OVDP) jumped by 67%.