Again the Prime Minister provided you with a hard-  BIS central bankers’ speeches  1  hitting message as to what could happen with poor governance, poor controls, and not the least, ineffective regulatory oversight. I am sure that you would have deliberated on these subjects in your various technical sessions and fully understand the repercussions for not setting the appropriate platforms.
Why did the NBU raise the key policy rate significantly? After considering several scenarios, the NBU decided to raise the key policy rate by a whole of 15 pp, to 25% per annum. The NBU believes that a slight increase in the key policy rate wouldn’t have had the desired influence on the financial and economic system.