US EditionUkraine's Central Bank Holds Key Rate at 15.5%, Lowers Growth and Inflation Forecasts
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7 Articles
Ukraine's central bank holds key rate at 15.5%, lowers growth and inflation forecasts
Ukraine's National Bank held its benchmark interest rate unchanged at 15.5% while revising down economic projections, citing war-related damage and weaker harvests, the bank said on July 24.
The National Bank downgraded its macroeconomic forecast and warned that inflation would slow longer and Ukraine's economy would recover more slowly.
The National Bank of Ukraine has kept its key rate at 15.5% for the third consecutive meeting,
as announced on its website. The central bank explained that there’s no room to lower interest rates after bad weather caused damage to crops, while increased Russian air attacks continue to hurt businesses and fuel inflation. Policymakers expect the key rate to stay the same until the fourth quarter of this year. The decision “is an important prerequisite for a sustainable slowdown of inflation toward its 5% target”, the NBU said on July 24. T…
This was reported by the press service of the NBU.” The NBU will maintain sufficiently tight monetary conditions for as long as necessary to ensure a sustainable decrease in inflation to the target of 5% on the policy horizon,” the regulator underlined. Inflation in Ukraine peaked in May, after which it began to decline in June, although it remained higher than forecast — for the most part more due to bad weather conditions that affected the pri…
The National Bank of Ukraine (NBU) has decided to keep the discount rate at 15.5% per annum from July 25, 2025. This was stated by the head of the NBU Andrey Pyshny, RBC-Ukraine reports with reference to a briefing on Youtube. As the head of the NBU noted, this will support the stability of the foreign exchange market and the controllability of inflation expectations, which will help to further weaken price pressure. “The NBU will maintain fairl…
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