The NBU kept its key policy rate unchanged at 25% in the March meeting, the highest since August 2015, aiming to slow inflation further, protect hryvnia savings, and maintain a stable exchange rate. Inflation in the country has been declining faster than thought and eased for the second time in February to 24.9%, mainly due to a rise in food and fuel supply, the energy system recovery, and weaker consumer demand. The consumer price growth was also subdued by fixed hryvnia exchange rate and housing & communal services tariffs. Separately, NBU decided to boost banks' competition for household time deposits: from the 7th of April, the central body employs three-month deposit certificates with a fixed rate, equaling the key policy rate, and cuts the interest rate on overnight deposit certificates to 20%. From the 11th of May 2023, preferential required reserve ratios for hryvnia (0%) and FX (10%) time household deposits only apply to deposits with an initial maturity of three months. source: National Bank of Ukraine
Interest Rate in Ukraine averaged 35.63 percent from 1992 until 2023, reaching an all time high of 300.00 percent in October of 1994 and a record low of 6.00 percent in June of 2020. This page provides the latest reported value for - Ukraine Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ukraine Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Interest Rate in Ukraine is expected to be 25.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.