This fall, against the backdrop of rising inflation, maintaining the key interest rate at 13% and the 3-month deposit certificate rate at 16% will become critically important.
This was stated by Serhii Mamedov, Chairman of the Management Board of GLOBUS BANK.
The expert believes that the stability of these two key indicators will have a dual effect: it will positively influence the development of lending and deposit programs, while also having a "therapeutic" effect on clients.
"Every citizen must feel certain that the hryvnia is not threatened by drastic changes, that inflation, for example, will not 'swallow' their deposited funds, and that loan interest rates will not skyrocket. Therefore, maintaining the key interest rate, along with the rate for 3-month deposit certificates—on which credit policies and the profitability of most deposits are based—will strengthen public trust not only in the national currency but also in the state's economic strategy," the banker explained.