The Board of the National Bank of Ukraine has decided to maintain the key rate at 15.5%. According to the NBU’s announcement, this decision aims to support the stability of the foreign exchange market, control inflation expectations, and gradually slow inflation to the target of 5%.
This is reported by Finway
“Given the significant level of uncertainty that has only intensified in recent months, the NBU will flexibly respond to changes in the balance of risks for price dynamics and inflation expectations.”
In March 2025, the NBU raised the key rate by 1% to 15.5% per annum. This occurred after a 1% increase in January 2025, when the rate was raised to 14.5% per annum. An increase in the rate was also recorded in December 2024.
The key rate is one of the main tools through which the National Bank regulates the cost of attracted and placed funds in the banking system and the monetary market.