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Monetary policy in times of war: the case of Ukraine

Published on 29 October 2024

Façade de la Banque nationale d'Ukraine

Post No.372.  Since the beginning of the Russian invasion, the National Bank of Ukraine (NBU) has contributed to the resilience of the Ukrainian economy by using a variety of instruments to support the war effort and respond to financial imbalances. This blog post analyses this contemporary example of a central bank in wartime from the perspective of the notion of monetary policy autonomy.

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Updated on 29 October 2024